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An American flag proudly flies in front of the Capitol building, unaffected by the recent China tariffs or Yellen's statements, standing as a symbol of patriotism amidst Trump's tariff proposal.

Yellen Critiques Trump’s Tariff Proposal, Highlights Review of Existing China Tariffs

01/11/2024
Businesspeople shaking hands, symbolizing a trade agreement or negotiation impacted by increased tariffs. - Supply Chain News

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Compos Mentis Legal Practitioners, a leading Nigerian law firm with offices in Warri, Lagos, and Abuja, continues to set new standards in legal service delivery through innovation, strategic thinking, and a commitment to global best practices. Established in 2007, the firm has grown into a trusted name in dispute resolution, debt recovery, intellectual property, medical law, and corporate advisory. The firm holds the distinction of being the first Nigerian law firm certified to the ISO 9001:2015 standard, reflecting its dedication to quality management, transparency, and client satisfaction. This milestone reinforces Compos Mentis LP’s role as a trailblazer in legal professionalism, setting a benchmark for excellence across Nigeria and beyond. At the heart of the firm’s innovation strategy is Consultus Lawyer, a proprietary digital platform that allows clients—both local and international—to access legal services remotely. Through this platform, the firm provides affordable, high-quality support in a wide range of legal matters, including cross-border disputes and advisory services. Flexible pricing models ensure accessibility for diverse clients, including government agencies, public institutions, community trust boards, individuals, and small enterpr In 2024–2025, the firm recorded an 87.5% success rate across 24 litigation cases, a testament to its rigorous preparation and expert legal strategy. The firm's consistent results and sectoral expertise have been recognized through numerous accolades, including the Dispute Resolution Law Experts of the Year in Nigeria – 2025 by Global Law Experts and the Regional Law Firm of the Year at the 2024 ESQ Legal Awards. Compos Mentis LP has also earned multiple Mondaq Awards in 2024 and 2025 for its contributions to legal thought leadership, particularly in intellectual property and immigration law. These recognitions underscore the firm’s ability to blend deep legal insight with a forward-thinking approach to knowledge sharing. Beyond its commercial achievements, Compos Mentis LP is deeply committed to social responsibility. The firm provides pro bono legal services to indigent individuals and supports host communities in the Niger Delta with legal representation and governance advisory. It also invests in talent development, fostering the next generation of legal professionals through mentorship and continuous learning opportunities. As Compos Mentis LP expands its reach and digital capabilities, it remains grounded in its core values: excellence, access to justice, and service to the community. With a proven track record, global outlook, and commitment to legal empowerment, the firm is positioned as a leader in Nigeria’s evolving legal landscape. To learn more, visit: https://compos-mentis.com #ComposMentis #LegalInnovation #DisputeResolution #AccessToJustice #ConsultusLawyer #ISO9001Certified #RuleOfLaw #NigeriaLegal #LawFirmOfTheYear #GlobalLegalStandards

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Yellen Critiques Trump’s Tariff Proposal, Highlights Review of Existing China Tariffs

by Geraldine S.
01/11/2024
in Compliance, Global Trade, Importing & Exporting, Industry, International Relations, Risk Management, Tariffs & Duties, Trade Policies

BOSTON, Jan 10 (Reuters) – During her visit to Roxbury Community College in Boston, Treasury Secretary Janet Yellen expressed concerns on Wednesday about former President Donald Trump’s tariff proposal. She stated that the plan, which involves a 10% increase in tariffs across the board, could lead to higher costs for U.S. consumers. However, Yellen acknowledged that while some tariffs are necessary, the current administration is reviewing those related to China.

Trump, seeking the Republican nomination for the 2024 presidential election, has advocated for stronger tariffs, including a universal 10% tariff on all imports into the U.S. and the revocation of China’s most-favored-nation trading status. This status, assigned in 2001, allows China to benefit from the lowest World Trade Organization tariffs on many goods that are currently exempt from punitive tariffs.

Yellen referenced the tariffs imposed by Trump on Chinese goods during his presidency, which were a response to what he deemed as Beijing’s “unfair trade policies” and their impact on the United States. These tariffs affected over $300 billion worth of Chinese imports and were a significant aspect of the U.S.-China trade war.

The Biden administration, according to Yellen, is conducting a review of these tariffs to potentially apply them in a more strategic manner than their initial implementation. The review comes as the administration focuses on ensuring diversified supply chains and fostering job creation in future industries like clean energy and semiconductors.

While Yellen did not specify how the China tariffs might be adjusted, she emphasized the importance of such measures in securing diversified supply chains and supporting emerging industries. Reports suggest that the Biden administration may consider increasing tariffs on Chinese-made electric vehicles and other clean-energy products.

In addition to discussing tariffs, Yellen highlighted the benefits of clean-energy tax credits under the Biden administration’s Inflation Reduction Act, aimed at reducing expenses for U.S. households.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#ChinaTrade #ArgentinaAgriculture #TariffReduction #InternationalTrade #GlobalMarkets #FoodIndustry #DairySector #EconomicPolicy #BilateralRelations #TariffPolicy #AgriExports #MarketCoordination #TradeBenefits #ForestrySector #ConsumerSpending

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BOSTON, Jan 10 (Reuters) – During her visit to Roxbury Community College in Boston, Treasury Secretary Janet Yellen expressed concerns on Wednesday about former President Donald Trump’s tariff proposal. She stated that the plan, which involves a 10% increase in tariffs across the board, could lead to higher costs for U.S. consumers. However, Yellen acknowledged that while some tariffs are necessary, the current administration is reviewing those related to China.

Trump, seeking the Republican nomination for the 2024 presidential election, has advocated for stronger tariffs, including a universal 10% tariff on all imports into the U.S. and the revocation of China’s most-favored-nation trading status. This status, assigned in 2001, allows China to benefit from the lowest World Trade Organization tariffs on many goods that are currently exempt from punitive tariffs.

Yellen referenced the tariffs imposed by Trump on Chinese goods during his presidency, which were a response to what he deemed as Beijing’s “unfair trade policies” and their impact on the United States. These tariffs affected over $300 billion worth of Chinese imports and were a significant aspect of the U.S.-China trade war.

The Biden administration, according to Yellen, is conducting a review of these tariffs to potentially apply them in a more strategic manner than their initial implementation. The review comes as the administration focuses on ensuring diversified supply chains and fostering job creation in future industries like clean energy and semiconductors.

While Yellen did not specify how the China tariffs might be adjusted, she emphasized the importance of such measures in securing diversified supply chains and supporting emerging industries. Reports suggest that the Biden administration may consider increasing tariffs on Chinese-made electric vehicles and other clean-energy products.

In addition to discussing tariffs, Yellen highlighted the benefits of clean-energy tax credits under the Biden administration’s Inflation Reduction Act, aimed at reducing expenses for U.S. households.

Stay current with supply chain report news at The Supply Chain Report. For international trade resources, visit ADAMftd.com.

#ChinaTrade #ArgentinaAgriculture #TariffReduction #InternationalTrade #GlobalMarkets #FoodIndustry #DairySector #EconomicPolicy #BilateralRelations #TariffPolicy #AgriExports #MarketCoordination #TradeBenefits #ForestrySector #ConsumerSpending

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