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The United States is considering lowering tariffs on Chinese goods to combat inflation

The United States is considering lowering tariffs on Chinese goods to combat inflation

“I’m considering it. We did not impose these obligations. They were imposed by the previous administration,” Biden said when asked about tax cuts on Chinese goods.

The US president spoke at a press conference with Japanese Prime Minister Fumio Kishida as he intensified calls for OPEC to increase oil production.

Last week, US Treasury Secretary Janet Yellen expressed support for the Trump administration’s tax on China. Repeal of certain taxes to reduce the high inflation that is putting pressure on the US economy.

“It seems to me that some of the obligations imposed by President Trump in retaliation for unfair trade practices in China are very harmful to some consumers and businesses,” Yellen told a news conference in Germany ahead of the G7 summit.

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