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Al Jazeera
Al Jazeera
Business

US, China talk trade, supply chains as Biden weighs tariff cuts

United States Treasury Secretary Janet Yellen held talks with her Chinese counterpart on economic issues, including international trade and supply chains [Matt McClain/The Washington Post via AP]

United States Treasury Secretary Janet Yellen and Chinese Vice Premier Liu He discussed economic issues including international trade and supply chains, as the Biden administration considers lowering tariffs on Chinese goods to tame soaring inflation.

In a virtual meeting with her Chinese counterpart on Tuesday, Yellen “frankly” raised concerns about China’s “unfair, non-market” economic policies and Russia’s war against Ukraine, the US Treasury Department said in a statement.

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