Tai backs ‘tailored’ trade deals after Yellen floats minerals accords with EU, Japan

PHILADELPHIA -- U.S. Trade Representative Katherine Tai on Thursday backed the idea of new trade deals “tailored to specific challenges,” responding to Treasury Secretary Janet Yellen’s suggestion that Europe and Japan might have to forge new accords with the U.S. to ensure compliance with Inflation Reduction Act rules for electric-vehicle tax credits. She noted, however, that she “wouldn’t have used the same words” Yellen did in addressing talks with allies. Yellen told the Wall Street Journal the European Union and...