Yellen Says China Tariffs Won’t Cause Meaningful US Price Hikes

US Treasury Secretary Janet Yellen said new tariffs on Chinese goods would protect US firms and workers without stinging the pocketbooks of American consumers.

“I don’t believe that American consumers will see any meaningful increase in the prices that they face,” Yellen said Tuesday in an interview on the PBS NewsHour.

Janet Yellen

Photographer: Al Drago/Bloomberg

Earlier on Tuesday, the White House unveiled an array of tariff hikes on semiconductors, batteries, solar cells and critical minerals, in addition to previously reported increases on steel, aluminum and electric vehicles. The changes are projected to affect around $18 billion in current annual imports, the administration said. ...