Yellen: US considering cuts in China tariffs

US Treasury Secretary Janet Yellen says the US government is considering cuts in some tariffs on Chinese imports.

Yellen made the comment in an interview with ABC News on Sunday. She said several of the measures imposed by the previous Trump administration are inflationary and no longer warranted.

Yellen said, "The tariffs we inherited, some serve no strategic purpose and raise the cost to consumers, and so reconfiguring some of those tariffs so they make more sense and reduce unnecessary burdens is something that's under consideration."

But Yellen added that US officials still believe Beijing engages "in a range of unfair trade practices."
US President Joe Biden said on Saturday he was deciding whether to scrap or lower the tariffs.

The administration is eager to curb the highest consumer inflation in 40 years ahead of midterm elections later this year.