Yellen Says China Tariffs Won’t Cause Meaningful US Price Hikes
- Treasury chief says she hopes Beijing reacts in ‘rational way’
- Prices for US-made EVs will come down as industry matures
This article is for subscribers only.
US Treasury Secretary Janet Yellen said new tariffs on Chinese goods would protect US firms and workers without stinging the pocketbooks of American consumers.
“I don’t believe that American consumers will see any meaningful increase in the prices that they face,” Yellen said Tuesday in an interview on the PBS NewsHour.