Yellen says high US tariff wall 'deeply misguided', would raise prices:
U.S. Treasury Secretary Janet Yellen will say on Thursday that walling off the U.S ...
reuters.com/markets/us/yellen-says-high-us-tariff-wall-deeply-misguided-would-raise-prices-2024-10-17/
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Key FactsYellen Critiques High US Tariffs as Counterproductive
Oct 17, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- US Treasury Secretary Janet Yellen described high tariffs as 'deeply misguided,' warning they would raise prices for American consumers and reduce US companies' competitiveness.
- Yellen emphasized that a return to unilateral trade policies is not in the best interest of US economic and national security.
- She advocated for a healthy economic relationship with China, highlighting the challenges posed by unfair business practices for American firms.
- Yellen defended the Biden administration's high tariffs on key Chinese imports and noted a growing international consensus urging China to change its practices.
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Summary created with AI assistance · Source: theguardian.com
Summary created with AI assistance · Source: theguardian.com
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