On June 20, 2024, U.S. Treasury Secretary Janet Yellen stated that tariffs imposed by former President Trump will apply to all trade partners, increasing costs for consumers. Yellen emphasized that the new tariffs on Chinese goods are highly strategic and necessary to prevent U.S. new energy products companies from being put out of business by coordinated dumping from China. She also mentioned that it was inappropriate to remove U.S. tariffs on China as they have not addressed U.S. concerns.
Tariffs imposed by former President Trump will apply to all trade partners, increasing costs for consumers, says US Treasury Secretary Yellen.
YELLEN: IT WAS INAPPROPRIATE TO REMOVE U.S. TARIFFS ON CHINA SINCE THEY HAVE NOT ADDRESSED U.S. CONCERNS
⚠️ YELLEN: **TRUMP TARIFFS WILL BE ACROSS THE BOARD, AFFECT ALL TRADE PARTNERS AND RAISE COSTS TO CONSUMERS **IT WAS INAPPROPRIATE TO REMOVE U.S. TARIFFS ON CHINA SINCE THEY HAVE NOT ADDRESSED U.S. CONCERNS
⚠️ U.S. TREASURY'S YELLEN SAYS BELIEVES NEW TARIFFS ON CHINESE GOODS ARE HIGHLY STRATEGIC ** YELLEN: WE ARE REFUSING TO LET U.S. NEW ENERGY PRODUCTS COMPANIES BE PUT OUT OF BUSINESS BY COORDINATED DUMPING FROM CHINA
US TREASURY SECRETARY YELLEN: I BELIEVE THE NEW TARIFFS ON CHINESE GOODS ARE HIGHLY STRATEGIC.
U.S. TREASURY'S YELLEN SAYS BELIEVES NEW TARIFFS ON CHINESE GOODS ARE HIGHLY STRATEGIC