CHINA-US: US PRESIDENT BIDEN SAYS HE WILL TALK TO XI JINPING SOON AND IS CONSIDERING REDUCING SOME TARIFFS IMPOSED BY TRUMP
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President Joe Biden told reporters (June 18) that he will be talking to his Chinese counterpart
Xi Jinping “soon” and is weighing possible action on US tariffs on China that were imposed
by the Trump administration. Asked whether he had decided to lift any of the tariffs, he said
“I’m in the process of making up my mind.”
(Comment: Biden’s administration is weighing what to do about former President Donald
Trump’s tariffs on some $300 billions of goods imported from the US economy’s biggest competitor. While some businesses have benefited from protection from Chinese imports,
some have been hurt. Treasury Secretary Janet Yellen told lawmakers last week the Biden
administration is looking to “reconfigure” the tariffs and acknowledged that they were
contributing to higher prices for goods with US inflation running at the hottest pace in 40 years.)
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