Some tariffs on China are harming families and businesses, US Treasury Secretary Janet Yellen says

[beijingwalker]

Some tariffs on China are harming families and businesses, US Treasury Secretary Janet Yellen says​

By Matt Egan and Alicia Wallace, CNN Business

Updated 1:47 PM ET, Wed May 18, 202

(CNN)US Treasury Secretary Janet Yellen on Wednesday criticized the Trump administration's tariffs on China and voiced support for lifting some of the levies, in part to ease very high inflation pressuring the US economy.

"Some of the tariffs that were imposed by President Trump in retaliation for China's unfair trade practices, some of them, to me, seem as though they imposed more harm on consumers and businesses," Yellen said during a press conference in Germany ahead of a G7 summit with finance ministers.

Yellen added that some Trump-era tariffs "aren't very strategic in the sense of addressing real issues we have with China -- whether it concerns supply chain vulnerabilities, national security issues, or other unfair trade practices."
The Treasury secretary said she sees a case for rolling back the tariffs on China, not only because of high inflation but because there could be "benefits to consumers and firms."

However, she signaled that no decision has been made on this issue and hinted at potential disagreement among US officials, saying there are a "variety of opinions."

Yellen also noted the widespread impact on global food security from Russia's war in Ukraine, saying: "Higher food and energy prices are having stagflationary effects, namely depressing output and spending and raising inflation all around the world."

"Higher energy prices, higher food prices and other commodity prices, due to Putin's choice to launch a war in Ukraine" are responsible for much of the inflation around the world, she added.

While Americans should not expect any immediate relief at the gas pump, increases in the global oil supply should eventually generate long-term relief, Yellen said.

Some tariffs on China are harming families and businesses, Janet Yellen says

US Treasury Secretary Janet Yellen on Wednesday said lifting some of Trump's tariffs on China could ease inflation pressure on the US economy.

www.cnn.com

 

[p100]

Yeah that's kind of the point, to harm China. Lab-made covid-19, stealing patented information, currency manipulation, etc. I understand you are a China propaganda bot but please try to be a little bit realistic and not trying to blame someone else in causing harm.

 

[beijingwalker]

Yeah that's kind of the point, to harm China. Lab-made covid-19, stealing patented information, currency manipulation, etc.

Yes, the list of US sins go on forever.

 

[ckf]

Yeah that's kind of the point, to harm China. Lab-made covid-19, stealing patented information, currency manipulation, etc. I understand you are a China propaganda bot but please try to be a little bit realistic and not trying to blame someone else in causing harm.

But the point is much of the US inflation destroying American lower income family purchasing power is self inflicted. The fed cannot reduce tariffs, raising interest rates to reduce consumer demand and aggregate purchasing power only solve half of the inflation dilemma. Tariffs is a tax on consumer, and inflationary.

 

[mili]

Yeah that's kind of the point, to harm China. Lab-made covid-19, stealing patented information, currency manipulation, etc. I understand you are a China propaganda bot but please try to be a little bit realistic and not trying to blame someone else in causing harm.

Indeed, usa was trying to harm China+world with c19 & trade war, but it seems both boomeranged hard on them, with c19 far worse.

Cause of Respiratory Illness Still Unknown After Dozens Sickened at Virginia Retirement Community

Fairfax County health officials said they don’t yet have a cause of the respiratory illness that sicked more than 60 residents at a Northern Virginia senior living community.

www.nbcwashington.com

Cause of Respiratory Illness Still Unknown After Dozens Sickened at Virginia Retirement Community​

The outbreak was reported in the assisted living and skilled nursing areas of the community, where about 263 people live​

By Carissa DiMargo and Julie Carey, Northern Virginia Bureau Chief • Published July 17, 2019 • Updated on July 18, 2019 at 1:50 pm​

Fairfax County health officials said they don't yet have a cause of the respiratory illness that sicked more than 60 residents at a Northern Virginia senior living community.
The outbreak at Greenspring Retirement Community in Springfield began June 30. Sick residents had symptoms such as coughs, fevers and pneumonia...................................

Health officials said last week what was striking about the outbreak was the number of residents impacted and the time of year — summer instead of winter, when flu and respiratory illness usually spread.......................
The health department has sent several samples from infected patients to the Centers for Disease Control and Prevention for testing, but no cause for the outbreak has been identified, Schwartz said............................