"The price is too high to be unacceptable", the United States considers the cancellation of some tariffs on China

On the 19th local time, US Treasury Minister Yellen acknowledged on the US Broadcasting Corporation (ABC) program that some of the Trump administration launching some tariffs on China lacks strategic significance. Considering that the inflation in the United States is serious, the Bayeng government is reviewing and canceling cancellation Part of the tariffs on China.

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Earlier, Yellen said at the Hearing of the House of Representatives that although some tariffs were important to protect US national security, the cost of imposing tariffs on China was ultimately paid by Americans. Before the new crown epidemic outbreak, the annual inflation rate in the United States was only 2%when the tariffs were just effective.

In May this year, the U.S. inflation rate has reached 8.6%, a new high in 40 years. ABC said that inflation caused US families to spend more than $ 350 a month. The consumer confidence index touched the lowest point since the record of records last month, and the pressure of price is increasingly impacting the economy.

The Wall Street Journal reported on the 19th that 44%of economists expect the United States to decline next year. Yellen responded to this that she expects the US price to be "unacceptable to acceptance" may continue until the end of the year, and the US economy will slow down, but it does not think that the economy will inevitably decline.

"With the recovery of the labor market and we have reached full employment, the US economy has always increased at a very fast speed. Now, we expect to transition to a steady growth." Yellen said.

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The Cleveland Federal Preparatory Bank President Loretta Metter said on the same day on the "face" program in Columbia Broadcasting Corporation (CBS) that the risk of economic decline in the United States is rising, and it will take years to take several years to be able to take several years. Let the inflation rate fall to the 2%inflation target of the Federal Reserve.

Yellen also acknowledged in the interview that against Russia's military operations in Ukraine, the measures of "punishing Russia" with the allies have also brought side effects to the United States. She had previously pointed out that the price increase of food and fuel in the United States was related to sanctions against Russia. Russian President Putin has said that countries that try to implement restrictions on Russia must be limited to themselves first.

Yellen pointed out that reducing inflation is the primary task of Biden. The Bayeng government has realized that tariffs left by the previous government will only increase the cost burden of consumers, so it is necessary to re -configure the tariffs to make it more meaningful. The U.S. government is reviewing the tariff policy for China, but she did not mention specific details and refused to disclose when it might make a decision.

Biden said he was considering canceling some tariffs on Trump's $ hundreds of billions of dollars in 2018 and 2019. On the 18th, Biden crawled up after falling and fell, and was asked by reporters again "whether to decide to relax tariffs on China" again. He responded "is determining this."

However, according to the Wall Street Journal, the Bayeng government still has differences in whether the tariffs on China have been reduced. The Minister of Finance Yellen and the Minister of Commerce Gina Raymond have been promoting the relaxation of tariffs to fight inflation, while other officials such as US trade representative Daiqi tried to maintain tariffs to continue to put pressure on China.

In addition, according to the news of the AXIOS News Network on the 14th, Biden will issue relevant announcements as early as June to determine which goods imported from China should be exempted from tariffs imposed on "Article 301".

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