Yellen on Bringing Back Trump Tariffs on China: ‘We Need to Keep Everything on the Table’

EISEN If they don ░░░░░░░░ shift are we looking ░░░░░░░░ potential tariffs on these ░░░░░░░░ Yellen Well I wouldn ░░░░░░░░ rule anything out at ░░░░░░░░ point We need to ░░░░░░░░ everything on the table ░░░░░░░░ want to work with ░░░░░░░░ Chinese to see if ░░░░░░░░ can find a solution ░░░░░░░░ are engaging in a ░░░░░░░░ year review of Section ░░░░░░░░ tariffs that s not ░░░░░░░░ so I can t ░░░░░░░░ speak to what will ░░░░░░░░ of it I would ░░░░░░░░ rule anything out but ░░░░░░░░ think we need to ░░░░░░░░ with this issue EISEN ░░░░░░░░ were the tariffs that ░░░░░░░░ imposed during the Trump ░░░░░░░░ Yellen That s right ░░░░░░░░ Are they still very ░░░░░░░░ about that Did you ░░░░░░░░ about that in the ░░░░░░░░ Yellen They usually raise ░░░░░░░░ issue of the 301 ░░░░░░░░ They ve said for ░░░░░░░░ long time that they ░░░░░░░░ like to see them ░░░░░░░░ Of course they were ░░░░░░░░ in place because there ░░░░░░░░ findings of unfair trade ░░░░░░░░ against the United States ░░░░░░░░ the vice premier who ░░░░░░░░ my counterpart and I ░░░░░░░░ agreed that while trade ░░░░░░░░ investment between our two ░░░░░░░░ is beneficial and desirable ░░░░░░░░ needs to be on ░░░░░░░░ level playing field In ░░░░░░░░ number of ways we ░░░░░░░░ it is not So ░░░░░░░░ are really raising this ░░░░░░░░ in that context I ░░░░░░░░ we also feel especially ░░░░░░░░ the pandemic that the ░░░░░░░░ of our supply chains ░░░░░░░░ something we need to ░░░░░░░░ more attention to And ░░░░░░░░ overly dependent on any ░░░░░░░░ country for a very ░░░░░░░░ good for your economy ░░░░░░░░ lead to a dangerous ░░░░░░░░ in supply chains And ░░░░░░░░ the case of some ░░░░░░░░ these clean energy goods ░░░░░░░░ batteries the minerals that ░░░░░░░░ into them solar panels ░░░░░░░░ have been very very ░░░░░░░░ dependent on China That ░░░░░░░░ another reason that we ░░░░░░░░ other countries want to ░░░░░░░░ some domestic capacity ourselves ░░░░░░░░ You mentioned other countries ░░░░░░░░ China has been flooding ░░░░░░░░ for instance with cheaper ░░░░░░░░ Can you blame Europe ░░░░░░░░ doesn t have as ░░░░░░░░ growth right now as ░░░░░░░░ U S for having ░░░░░░░░ trade ties with China ░░░░░░░░ Well I mean Europe ░░░░░░░░ China do have close ░░░░░░░░ ties Europe benefits from ░░░░░░░░ to China But on ░░░░░░░░ other hand the car ░░░░░░░░ is very important in ░░░░░░░░ like Germany Europe doesn ░░░░░░░░ want to see these ░░░░░░░░ destroyed They re an ░░░░░░░░ source of jobs and ░░░░░░░░ valuable ones with good ░░░░░░░░