US Treasury Sec Yellen: It's worth considering steps to lower US tariffs on Chinese goods to ease inflation

Joel Frank Independent Analyst

US Treasury Secretary Janet Yellen said in an interview on Bloomberg TV on Friday that it is worth considering steps to lower US tariffs on Chinese goods in order to ease inflation, and that there would be some "desirable effects" of lowering tariffs.

Speaking in a CNBC interview earlier in the day, Yellen stated on Friday that the US economy is being very resilient in the face of a set of shocks and noted that inflation may have peaked, but that Russia's invasion of Ukraine will prolong inflationary pressures.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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