Biden is expected to announce a decision this week to lower tariffs on some Chinese imports
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Biden is expected this week announced a cut of some Chinese imports tariffs decision, according to the web quoted by the Wall Street journal, according to people familiar with the United States President Joe biden is expected to announced this week will cut the part of the Chinese imports tariffs decisions, including the suspension of clothing and school supplies and other consumer goods tariffs, will launch a broad framework at the same time, Allow importers to apply for tariff exemptions.
The Biden administration has been considering such a decision in recent weeks, the Journal said, but the decision has been influenced by the conflicting us policy goals of resolving the current domestic inflation crisis while maintaining economic pressure on Beijing.
Earlier, at the regular press conference of the Ministry of Commerce on June 23, a media asked: US President Joe Biden recently said that he was considering making a decision on easing US tariffs on China. Once the decision is reached, how will China respond and will China adjust its tariffs accordingly?
Commerce Ministry spokesperson Shu Jueting said biden's remarks have been noted. Shu chueting said that China always believes that abolishing all additional tariffs on China is good for China, good for the United States and good for the world. Given the current high inflation, the sooner tariffs on China are lifted, the sooner consumers and businesses will benefit. China and the US should meet each other halfway and make joint efforts to create an atmosphere and conditions for economic and trade cooperation, maintain stability of the global industrial and supply chains, and benefit the people of our two countries and the world at large.