Published On: Wed, Jul 21st, 2021

Yellen Criticizes Trump’s China Trade Policy, Tariffs Save 10% on Citrus trees with code CITRUS
Share This

WASHINGTON—Treasury Secretary Janet Yellen has questioned the merits of tariffs imposed by the Trump administration on billions of dollars of Chinese goods, stating that they’ve harmed U.S. consumers. Yellen is the first Biden official to criticize the existing tariffs, and her comments raise the question of whether the White House is preparing to change course on the country’s trade policy with China. “My own personal view is that tariffs were not put in place on China in a way that was very thoughtful with respect to where there are problems and what is the U.S. interest,” Yellen said in an interview with The New York Times last week. President Joe Biden kept the tariffs on nearly $360 billion worth of Chinese goods that were enacted by the Trump administration. But he also launched a comprehensive review of the “phase 1” trade agreement signed with Beijing in early 2020. “Tariffs are …

About the Author