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Yellen Says Biden Team Is Looking to ‘Reconfigure’ China Tariffs

  • Trump-era duties weren’t designed to serve strategic interests
  • Some tariffs have hurt US consumers, businesses, Yellen says
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Biden Says He Can't Ease Tariffs on China Yet
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US Treasury Secretary Janet Yellen said the Biden administration is looking to “reconfigure” tariffs imposed on Chinese goods under former President Donald Trump to make them more “strategic.”

“This administration inherited a set of 301 tariffs imposed by the Trump administration that I think really weren’t designed to serve our strategic interests,” Yellen told lawmakers on Capitol Hill Wednesday.