Yellen: US Tariffs on China Unsustainable, Seeks Major Agreement
1min read U.S. Treasury Secretary Janet Yellen, during her visit to Buenos Aires, Argentina, expressed her views on the current tariffs imposed on China. She met with Argentine President Alberto Fernández and shared her thoughts in an interview. Yellen emphasized that the current tariff levels are exceptionally high and not sustainable in the long term. She stated, "I think no one thinks that they are sustainable, and no one wants to see them stay in place indefinitely."
Yellen's comments suggest that the U.S. is open to future negotiations and a potential "major agreement" with China. She hinted that other countries should expedite their trade talks with the U.S. to align tariffs, indicating a broader strategy to harmonize trade policies among allies. This move could signal a shift in the U.S.'s approach to trade, focusing on more balanced and sustainable tariff structures.
Yellen's remarks come at a time when global trade tensions have been a significant point of contention. Her acknowledgment that the current tariffs are not a permanent solution underscores the need for diplomatic efforts to resolve trade disputes. The U.S. Treasury Secretary's visit to Argentina and her statements reflect a proactive stance in engaging with other nations to foster more equitable trade relationships.
Yellen's visit to Argentina and her subsequent statements highlight the U.S.'s commitment to addressing trade imbalances and fostering more cooperative trade policies. Her remarks about the unsustainability of current tariffs on China and the need for a future "major agreement" indicate a willingness to engage in constructive dialogue. This approach could pave the way for more stable and mutually beneficial trade agreements in the future.
