Yellen Eyes China De-Escalation, But Lifting Tariffs ‘Premature’

Treasury chief says ‘premature’ to remove Trump-era tariffs
Yellen says Biden administration nearing end of tariff review

WATCH: Geopolitical tensions and China’s relationship with the US are in full focus this week as Treasury Secretary Janet Yellen attends G-20 meetings in India. Stephen Engle reports.Source: Bloomberg

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By Christopher Condon

July 16, 2023 at 5:30 AM UTC

Updated on

July 16, 2023 at 6:27 AM UTC

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Treasury Secretary Janet Yellen said the US should look for ways to further “de-escalate” tensions with China, though it would be premature to eliminate the tariffs imposed on it by the Trump administration.

“It would be useful to look for ways to de-escalate over time,” Yellen told reporters Sunday in Gandhinagar, India, where she’ll meet with counterparts from around the world this week.