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 underlying concerns led to the imposition of tariffs on China?

What is the significance of the four-year review mentioned in the context of tariffs?