Yellen Says China Has Failed to Address US Concerns That Led to Tariffs

The transcript discusses the de-escalation of tensions between the US and China, focusing on tariffs and trade practices. It highlights the impact of COVID-19 on US-China relations and the need to establish connections with China's new economic team. Recent meetings with Chinese officials addressed mutual concerns, including tariffs and global challenges like debt and climate change. The US imposed tariffs due to unfair trade practices, which remain unresolved. A four-year review of tariffs is underway, with both countries having imposed retaliatory tariffs.

What was one of the main reasons for the limited contact between US and Chinese officials in recent years?

• COVID lockdowns

• Military conflicts

• Economic sanctions

• Trade agreements

During the recent trip to China, what was one of the global challenges discussed?

• Cybersecurity

• Debt and climate change

• Space exploration

• Nuclear disarmament

Why did the US initially impose tariffs on China?

• To reduce inflation

• To improve diplomatic relations

• To address unfair trade practices

• To increase exports

What is the current status of the tariffs imposed by the US on China?

• They have been increased

• They are under a four-year review

• They have been lifted

• They are unchanged

What is a key concern that has not yet been addressed according to the US?

• Currency manipulation

• Human rights issues

• Intellectual property and technology transfer

• Military expansion