President Joe Biden’s administration is considering a drawdown of tariffs on Chinese goods in an effort to combat record-high inflation in the U.S.
Commerce Secretary Gina Raimondo confirmed the potential move on Sunday, saying Biden has personally asked her team to look into the issue. Inflation in the U.S. hit a 40-year high in March and is expected to escalate in the coming months.
Some of the tariffs, imposed by former President Donald Trump, affect household goods that could be purchased more cheaply from China. Raimondo previously praised some of Trump’s tariffs on China as “very effective.”
“We are looking at it. In fact, the president has asked us on his team to analyze that. And so we are in the process of doing that for him and he will have to make that decision,” Raimondo told CNN in an interview when asked about the issue.
www.foxnews.com/politics/biden-relax-china-tariffs-ease-inflation