Global EditionASIA 中文双语Français
Business
Home / Business / China US trade tensions

US ponders ending some tariffs against China to counter inflation: Commerce Secretary

Xinhua | Updated: 2022-06-08 19:57
Share
Share - WeChat
[Photo/IC]

SINGAPORE -- The Biden administration is considering ending some Trump-era tariffs on Chinese goods in an attempt to control domestic inflation, local media recently quoted US Commerce Secretary Gina Raimondo as saying.

US President Joe Biden has asked Raimondo and other administration officials to analyze possible plans for lifting some of the Trump administration's tariffs on Chinese imports, the Chinese-language paper Lianhe Zaobao reported.

The current administration has decided to maintain tariffs on steel and aluminum to protect the domestic steel industry, Raimondo said, but she added that it "may make sense" to lift tariffs on products like household goods and bicycles.

As Americans are suffering from rising prices of consumer goods, Biden said earlier that fighting inflation is his top economic priority.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE