• Latest
  • Trending
  • All
  • Industry
  • Compliance
  • Global Trade
  • Industry
  • Sustainability & Ethics
  • Video
  • Security & Risk
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
Global network connections over a city skyline, illustrating economic interdependence. - Supply Chain News

India Faces Economic Strain as US Imposes 50% Tariffs

08/29/2025
Connecting Trade Worldwide UAE

Unlock Global Trade Opportunities at CTW Global 2025!

08/29/2025
America Property Expo (APEX) 2025

Unlock the Future of U.S. Real Estate at America Property Expo 2025!

08/29/2025
International Trade Council and UK Asia Trade & Investment Council Sign Strategic Partnership to Strengthen Global Trade Links

International Trade Council and UK Asia Trade & Investment Council Sign Strategic Partnership to Strengthen Global Trade Links

08/29/2025
US Democrats Criticize Trump Administration Over India Tariffs

US Democrats Criticize Trump Administration Over India Tariffs

08/28/2025
US Tariff Increase on Indian Imports Sparks Trade Concerns

US Tariff Increase on Indian Imports Sparks Trade Concerns

08/28/2025
Indian Exports Face Setback as US Tariffs Double

Indian Exports Face Setback as US Tariffs Double

08/28/2025
High US Tariffs Push Brazil, India and Others Toward Market Diversification

High US Tariffs Push Brazil, India and Others Toward Market Diversification

08/28/2025
Trump’s India Tariffs Take Effect: Key Sectors Hit, Exemptions Noted

Trump’s India Tariffs Take Effect: Key Sectors Hit, Exemptions Noted

08/28/2025
Maprima Management BV: Driving Corporate Services Excellence Across the Benelux

Maprima Management BV: Driving Corporate Services Excellence Across the Benelux

08/28/2025
Maprima Management BV Nominated for Go Global Awards 2025 in London

Maprima Management BV Nominated for Go Global Awards 2025 in London

08/28/2025
KRIEGER Worldwide: Delivering Reliable Global Logistics and Supply Chain Solutions

KRIEGER Worldwide: Delivering Reliable Global Logistics and Supply Chain Solutions

08/28/2025
supplychainreport
Friday, August 29, 2025
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars
No Result
View All Result
supplychainreport
No Result
View All Result

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

YOU MAY ALSO LIKE

India Faces Economic Strain as US Imposes 50% Tariffs

Unlock the Future of U.S. Real Estate at America Property Expo 2025!

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

ShareTweet

Subscribe Our Newsletter

Share Your News

Whether it’s a groundbreaking achievement, a heartwarming tale, or an insightful perspective, we want to hear it. Share your news with us, and let’s amplify your voice in the digital symphony of stories.

Submit

A man is riding a bike on a hill.

The Supply Chain Report is your essential daily news website, serving as a trusted source for comprehensive coverage of the complex and ever-evolving global supply chain dynamics. Our expert team delves into the intricacies of international trade, manufacturing, logistics, importing, exporting, and supply chain management; providing in-depth analysis and up-to-date news on the latest trends, disruptions, and technological advancements affecting industries worldwide. From detailed reports on international trade through to insights into procurement strategies and inventory management, we offer valuable content that helps professionals stay informed and make knowledgeable decisions in a fast-paced market.

Each day, we bring you cutting-edge news and expert commentary that dissect significant international trade and supply chain issues Our coverage spans a wide array of sectors including manufacturing, retail, healthcare, food, consumer goods, and technology, ensuring that no matter your field, you have the strategic information needed to navigate the challenges and opportunities of today’s supply chain landscape. By synthesizing complex data and presenting actionable insights, The Supply Chain Report empowers business leaders, policymakers, and logistics professionals to optimize their operations and drive forward with confidence in an interconnected world.

Connect With Us

  • About
  • Events
  • Privacy Policy
  • Contact Us

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.

No Result
View All Result
  • Home
  • Industry
    • Supply Chain
    • Logistics & Transportation
    • Importing & Exporting
    • Manufacturing
    • Warehousing & Distribution
  • Compliance
    • Supply Chain Transparency
    • Anti-Money Laundering (AML)
    • Know Your Customer (KYC)
    • Risk Management
    • Export Controls
    • Sanctions
  • Global Trade
    • Market Trends
    • Economic Indicators
    • Sourcing
    • Trade Policies
    • International Relations
    • Trade Agreements
    • Tariffs & Duties
    • Import/Export Statistics
  • Luxury Goods
  • Industry
    • Blockchain in Supply Chain
    • Importing & Exporting
    • Automation & Robotics
    • Artificial Intelligence in Trade
    • Data & Analytics
  • Sustainability & Ethics
    • Green Supply Chains
    • Sustainable Logistics
    • Ethical Sourcing
    • Corporate Social Responsibility
    • Environmental Policies
  • Security & Risk
    • Cybersecurity in Trade
    • Fraud & Scams
    • Risk Mitigation
    • Security Protocols
    • Data Protection
  • ITC News
    • ITC Featured Members
    • ITC Business Councils Highlights
  • Events
    • Upcoming Conferences
    • Upcoming FREE Educational Webinars

© 2024 International Centre for Trade Transparency Limited. Incorporated in the United Kingdom.