Treasury Secretary Janet Yellen said the U.S. should look for ways to further “de-escalate” tensions with China, though it would be premature to eliminate the tariffs imposed on it by the Trump administration.
“It would be useful to look for ways to de-escalate over time,” Yellen told reporters Sunday in Gandhinagar, India, where she’ll meet with counterparts from around the world this week.
The Treasury chief said the U.S. is nearing completion of a four-year review of the tariffs imposed on China, and that she had discussed the issue during her recent trip to Beijing. Any move to lift the measures would stoke a political reaction at home, with Republican presidential candidates seeking even to step up the pressure on China.
