The Biden administration is reviewing whether to lift some tariffs on Chinese goods in an effort to fight inflation in the United States, Commerce Secretary Raymond Raimondo said in an interview with CNN on Tuesday. Raimondo said the Biden administration has decided to keep some tariffs on steel and aluminum in place to protect American workers and the steel industry, and that there are national issues involved. But “it might make sense to consider removing tariffs on some products, such as household goods, bicycles”.
US President Joe Biden is expected to lower tariffs on some Chinese imports this week, including suspending tariffs on consumer goods such as clothing and school supplies, while launching a broad framework to allow importers to apply for tariff exemptions, according to people familiar with the matter, US media reported.
Biden’s administration has reportedly been considering such a decision in recent weeks, but it is being influenced by the conflicting us policy objectives of addressing 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 the elimination of all additional tariffs on China is in the interest of China, the United States and the United States. 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 and maintain stability of the global industrial and supply chains for the benefit of our two peoples.