Reported about 1 year ago
U.S. Secretary of the Treasury Janet Yellen recently discussed the Biden administration's imposition of tariffs on $18 billion worth of Chinese imports in sectors like electric vehicles, solar panels, and steel. Yellen emphasized that the tariffs are applied in a strategic and targeted manner to boost U.S. industries, reduce reliance on Chinese goods, and promote domestic production, particularly in critical sectors like semiconductors and clean energy. The aim is to enhance job creation, strengthen supply chain resilience, and safeguard national security, while avoiding broad-based tariff measures.
Source: YAHOO