U.S. Treasury Secretary Hints at Future China Tariff Deal

U.S. Treasury Secretary Janet Yellen has signaled a potential shift in U.S. trade policy towards China, suggesting that existing tariffs may be unsustainable. During her visit to Argentina, Yellen discussed economic challenges and highlighted the need for substantial renegotiations regarding Chinese tariffs. This move could potentially lead to a reduction of tariffs to alleviate consumer burdens and combat rising inflation. Yellen emphasized the potential negative impact of high tariffs on consumer spending and overall inflation. The U.S. Treasury Secretary also indicated the need for swift negotiations with allies to create more balanced trade agreements.