Biden hints at dropping tariffs on Chinese goods to combat inflation
US inflation is running at its highest in the past 40 years
By Yashasvini Razdan
Published - May 10, 2022, 06:04 PM ET
Last Updated - Feb 26, 2024, 03:13 PM EST
The Biden administration is planning to drop some of the tariffs imposed against Chinese imports to help control rising consumer prices in the US.
On Tuesday, President Joe Biden spoke about his plan to fight inflation and lower costs for working families, in the South Court Auditorium of the White House. CNN reported, that when asked by a reporter if he would drop the tariffs on China imposed by former President Donald Trump, Biden said, “We're discussing that right now. We're looking at what would have the most positive impact.”
When questioned on whether he would lower or erase the tariffs, Biden said, “I didn't say that. I’m telling you we're discussing it and no decision has been made on it.”
Trump’s tariffs
