[Global Web Report] "Biden tends to relax some tariffs on China during the Trump era", the US Axios website reported on this topic on the 14th local time that a person familiar with the matter broke the news that US President Biden was at the White House last week. In an Oval Office meeting with key cabinet members, he said he was inclined to remove some products from the list of Trump-era tariffs on Chinese imports.
According to the report, according to people familiar with the matter, Biden expressed the idea at a meeting with key cabinet members on the 7th local time, and the relevant official announcement is expected to be released as early as this month.
According to sources obtained by the outlet, Biden is leaning toward ordering the USTR to initiate a formal "exclusion process" to determine whether some consumer goods, such as bicycles, should be exempt from so-called "301 tariffs," but it's unlikely to involve steel , aluminum and other large industrial products.
The U.S. is facing its worst inflation problem in 40 years, exacerbated by tariffs on Chinese imports.
Whether and when the Biden administration will lift the tariffs imposed by the previous administration on Chinese products exported to the U.S. has become a topic of repeated reports and speculation in the U.S. media.
Chinese Foreign Ministry spokesman Zhao Lijian said in response to relevant questions on the 7th that China urges the US to stop unreasonably suppressing Chinese companies, stop the wrong practice of artificially disrupting supply chains and industrial chains, and create favorable conditions for China-US cooperation on clean energy and climate change.