US commerce secretary Gina Raimondo said on Sunday that President Joe Biden had asked his team to look at the option of lifting some tariffs on China, which were put into place by former President Donald Trump, to combat the current high inflation.
“We are looking at it. In fact, the President has asked us on his team to analyse that. And so we are in the process of doing that for him and he will have to make that decision,” Raimondo told CNN in an interview on Sunday when asked whether the Biden administration was weighing lifting tariffs on China to ease inflation.
“There are other products — household goods, bicycles, etc — and it may make sense” to weigh lifting tariffs on those, she said, adding the administration had decided to keep some of the tariffs on steel and aluminum to protect U.S. workers and the steel industry.
Biden has said he is considering removing some of the tariffs imposed on hundreds of billions of dollars worth of Chinese goods by his predecessor in 2018 and 2019 amid a bitter trade war between the world’s two largest economies.
China has also been arguing that tariff reductions would cut costs for American consumers.