Caixin
May 12, 2022 05:06 AM
WORLD

Biden Considers Dropping China Tariffs to Fight Inflation

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What’s new: U.S. President Joe Biden may drop some tariffs on Chinese imports to help control rising consumer prices in the U.S., he said Tuesday in a speech on inflation.

The White House is reviewing tariffs imposed under former President Donald Trump and could opt to drop them altogether, Biden said.

At a routine press conference Wednesday, Chinese Foreign Ministry spokesman Zhao Lijian didn’t comment on whether the U.S. approached China for tariff talks and reiterated that duties imposed unilaterally by the U.S. are not in the interest of China, the U.S. or the global economy. 

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