City
Epaper

US mulls ending some tariffs against China to counter inflation: Commerce Secretary

By IANS | Updated: June 9, 2022 00:30 IST

Singapore, June 9 The Biden administration is considering ending some Trump-era tariffs on Chinese goods in an attempt ...

Open in App

Singapore, June 9 The Biden administration is considering ending some Trump-era tariffs on Chinese goods in an attempt to control domestic inflation, local media recently quoted US Commerce Secretary Gina Raimondo as saying.

US President Joe Biden has asked Raimondo and other administration officials to analyse possible plans for lifting some of the Trump administration's tariffs on Chinese imports, the Chinese newspaper Lianhe Zaobao reported on Wednesday.

The current administration has decided to maintain tariffs on steel and aluminum to protect the domestic steel industry, the Commerce Secretary said, but she added that it "may make sense" to lift tariffs on products like household goods and bicycles.

As Americans are suffering from rising prices of consumer goods, Biden said earlier that fighting inflation is his top economic priority.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Joe BidenJoe bidensBiden administrationGina raimondoJoseph bidenJoseph r biden jrYoungest congressPresidential committeeLianhe zaobaoPresi
Open in App

Related Stories

International'Anybody Running for US President Should Take Cognitive Test': Donald Trump on Joe Biden's Cancer Diagnosis

International‘Deeply Concerned’: PM Modi Prays for Joe Biden’s Speedy Recovery from Prostate Cancer

InternationalGaza Ceasefire: Biden Administration Admits It Took Donald Trump to Close Israel-Hamas Hostage Deal

InternationalJoe Biden Pardons His Son Hunter, Says Charges Politically Motivated

InternationalJoe Biden Meets US President-Elect Donald Trump at White House, Pledge Smooth Transition of Power (Watch Video)

Politics Realted Stories

MaharashtraNCP Leader Suraj Chavan Shares Alleged Black Magic Video of Shiv Sena Leader Bharat Gogawle Amid Row Over Raigad Guardian Post

MaharashtraMaharashtra Politics: Raj Thackeray Meets CM Devendra Fadnavis at Taj Lands End Amid Rumours of MNS–Sena UBT Alliance

MaharashtraMaharashtra Municipal Elections 2025: Mahayuti Alliance to Contest Civic Body Polls Together, Says CM Devendra Fadnavis

Maharashtra'Remembered the Advice My Mother Gave Me': Supriya Sule On Her WhatsApp Status

Maharashtra'Will Give News Soon': Uddhav Thackeray's Big Statement on Possible Alliance of Shiv Sena UBT and MNS