U.S. Treasury's Yellen and trade czar Tai at odds over China tariffs - Reuters News Agency
Economy

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. 

Article Tags
Topics of Interest: Economy
Type: Reuters Best
Sectors: Economy & Policy
Regions: AmericasAsia
Countries: ChinaUS
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
U.S. Treasury Secretary Janet Yellen looks on during a U.S. House Committee on Financial Services hearing on the Annual Report of the Financial Stability Oversight Council, on Capitol Hill in Washington, DC, U.S. May 12, 2022. Graeme Jennings/Pool via REUTERS
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