U.S. Treasury’s Yellen and trade czar Tai at odds over China tariffs

Reuters revealed U.S. President Joe Biden will have to resolve a heated internal debate among his aides over whether to cut taxes on goods from China as his administration tries to battle inflation. Officials in Biden’s administration have been debating for months the future of tariffs of up to 25% on hundreds of billions of dollars in imports from China imposed by former President Donald Trump that cost U.S. companies billions.