US Deputy Treasury Secretary Adeyemo Urges Compliance with Sanctions, Highlights Tariff Threats on China, Expects Inflation to Decrease

US Deputy Treasury Secretary Adeyemo emphasized the need for US CEOs to focus on supply chains and for manufacturers and distributors to comply with Russia sanctions. The G7 signaled higher tariffs on China to level the trade playing field. Adeyemo also highlighted the administration's efforts to reduce costs and the expectation for inflation to decrease.