×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: u.s. tariffs on chinese imports | inflation | biden administration

US May Lower Chinese Import Tariffs to Offset Inflation

China Shipping Line

China Shipping Line Shipping boat is unloaded by cranes in Oakland Harbor, California. (Dreamstime)

Thursday, 21 April 2022 03:12 PM EDT

A White House adviser on Thursday suggested the United States could lower tariffs imposed on a host of Chinese goods such as bicycles or apparel that were not strategic in nature to help combat elevated inflation.

Deputy National Security Adviser Daleep Singh told an event hosted by the Bretton Woods Committee the tariffs imposed by the Trump administration may have created some negotiating leverage, but they served no strategic purpose, and China had similar non-strategic retaliatory tariffs in place.

"So that's the opportunity," he said. "It could be that in this moment of elevated inflation and China having its own very serious supply chain concerns ... maybe there's something we can do there."

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
A White House adviser on Thursday suggested the United States could lower tariffs imposed on a host of Chinese goods such as bicycles or apparel that were not strategic in nature to help combat elevated inflation.
u.s. tariffs on chinese imports, inflation, biden administration
113
2022-12-21
Thursday, 21 April 2022 03:12 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved