Yellen says lowering US tariffs on Chinese goods ‘worth considering’

News Snapshot:

WASHINGTON: U.S. Treasury Secretary Janet Yellen said on Friday it was worth considering taking steps to reduce U.S. tariffs on Chinese goods given the “desirable effects” such a move could have on the decline in US inflation. “We want to do everything we can to bring inflation down,” Yellen told Bloomberg TV, citing President Joe Biden’s moves to release oil from the Strategic Petroleum Reserve and steps to address disruptions in the oil supply. the supply chain. Reducing tariffs was also “worth considering”, she said, adding: “There would be some desirable effects. That’s something we’re looking at.”