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Cutting tariffs on Chinese goods could ease US inflationary pressures, says Yellen

Xinhua | Updated: 2021-12-04 20:29

US Treasury Secretary Janet Yellen testifies during a hearing before Senate Banking, Housing and Urban Affairs Committee on Capitol Hill Nov 30, 2021 in Washington, DC.[Photo/Agencies]

WASHINGTON - Lowering tariffs imposed by the former Trump administration on Chinese goods could help ease some inflationary pressures, US Treasury Secretary Janet Yellen has said.

Yellen made the remarks Thursday at Reuters Next, a virtual global conference held from Wednesday to Friday, during which she said the tariffs of up to 25 percent on hundreds of billions of US dollars worth of annual imports from China "do contribute to the higher prices in the United States."

Some of the tariffs by Washington have "create problems without having any real strategic justification," she added.

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