Madrid, July 17 (European press) –
US Treasury Secretary Janet Yellen believes that the Chinese authorities have not responded to unfair trade practices that have led to tariffs on their exports.
“We applied tariffs to China because we had underlying concerns about unfair trade practices, particularly those affecting intellectual property and technology transfer. Those concerns weren’t really addressed,” Yellen said in an interview with Bloomberg TV, compiled by Europa Press.
In this sense, despite a mandatory four-year review of tariffs, the US Treasury Secretary emphasized that “the underlying concerns have not yet been addressed, and it is necessary to work on this in the future.”
On the other hand, the American economist realized that the economic slowdown in China, whose GDP grew by 0.8% in the second quarter, compared to 2.2% in the first three months of the year, dominates the global economy, although Yellen does not expect a recession. American as a result.
“Many countries depend on China’s strong growth to boost the growth of their economies, especially Asian countries,” he said, warning that slower growth in China may also have some negative side effects for the United States.