US May Roll Back Tariffs on Some Chinese Goods to Fight InflationUS President Joe Biden has instructed his administration to look into lifting some tariffs on imports from China in an effort to curb record-breaking inflation, Commerce Secretary Gina Raimondo said in an interview with CNN.
“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,” the official stated.
Raimondo did not specify whether any tariffs will ultimately be lifted, noting that Biden himself “will have to make that decision.”
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