(MT Newswires) - Wally Adeyemo, Assistant Secretary of the US Treasury, reports sustained economic growth, lower inflation and a strong job market in the US. He mentions a reduction in petrol prices of $1.90, strengthening the budgets of middle-class households. However, he points out that the fight against inflation continues despite these improvements. Adeyemo attributes past inflationary pressures to supply chain problems, which are now improving. He also rejects the proposal for a 10% tariff on imports into the US as detrimental to US consumers. He advocates working closely with partner nations to address what he sees as China's unfair trade practices, such as Chinese government subsidies and other policies that he says distort competition and do not respect established international trade rules.

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