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Some Trump era China tariffs serve 'no strategic purpose': Yellen

She did not list any specific tariffs and declined to say when the Biden administration may make a decision

Yellen said she saw the bulk of inflation being caused by supply and demand mismatches, including excessive demand for goods over services during the pandemic and severe supply chain disruptions

"President Biden is reviewing tariff policy toward China," Yellen said in an interview on Sunday with ABC News

Reuters Washington
US Treasury Secretary Janet Yellen said on Sunday some tariffs on China inherited from the administration of former President Donald Trump served "no strategic purpose" and added that President Joe Biden was reviewing them as a way to bring down inflation.

Another Biden administration official, Energy Secretary Jennifer Granholm, added that the president was also evaluating a pause on federal gas tax as an option to bring down prices.

The comments from the officials on Sunday come as the Biden administration struggles to tackle inflation and record high gasoline prices.

"President Biden is reviewing tariff policy toward China," Yellen said in an interview

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First Published: Jun 19 2022 | 8:39 PM IST

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