💨 Abstract

Treasury Secretary Janet Yellen criticized China's commerce minister for calling President Trump's tariffs a "joke," but expressed hope for a significant trade deal with China, stating it would need a new approach different from past trade and currency deals. Any negotiations would require involvement from the leaders themselves, according to Yellen. She also emphasized that the tariffs are not a joke and are substantial, though not sustainable or desired by anyone.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖