To fight US inflation, cutting tariffs on China is only the start
An intense debate within the Biden administration about lowering tariffs imposed on China to fight inflation was acknowledged publicly during President Joseph R. Biden Jr.’s trip to Asia in late May. Speaking at a press conference in Tokyo on May 23, President Biden noted that tariffs on imports from China “were imposed by the last administration” and that reducing them was “under consideration.” Earlier that month, Treasury Secretary Janet Yellen signaled her own position, asserting that President Donald Trump’s trade war tariffs on Chinese goods “impose more harm on consumers and businesses” while
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