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Yellen Says Trump Tariffs on China Hurt Americans: NYT

(AF) Donald Trump’s trade dispute and sanctions against China failed to address the chief concerns of the US and have left Americans worse off, Treasury Secretary Janet Yellen has been quoted as telling the New York Times.

In an interview with the newspaper, Yellen said the tariffs slapped on $360 billion of Chinese goods by President Joe Biden’s predecessor “were not put in place in a way that was very thoughtful with respect to where there are problems and what is the US interest”. 

The measures, which are being reviewed, “did hurt American consumers” and “didn’t address in many ways the fundamental problems we have with China”, Yellen was quoted as saying.

Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.

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