WASHINGTON : U.S. Treasury Secretary Janet Yellen said on Thursday that lowering Trump-era tariffs on imported goods from China through a revived exclusion process could help ease some inflationary pressures, but would be no"game-changer."
"And the Trump tariffs that were put in place, some of them create problems without having any real strategic justification," she added. Yellen cited the exclusion process among other steps where the Biden administration is working to mitigate price pressures, including working with ports and private companies to unblock supply chains and keep products flowing to consumers.
Yellen said she does not currently have a visit to China on her agenda, but expects to continue to engage with her counterpart, Vice Premier Liu He, on a range of economic issues.
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