US Secretary of Commerce Gina Raimondo said on June 5 that the Biden administration is considering whether to lift some of the tariffs imposed on China’s products to fight inflation in the US.

However, Raimondo said the administration has decided to maintain tariffs on steel and aluminum in order to protect the US domestic steel industry and workers because it’s a matter of national security.

In addition, Raimondo said it may make sense to cancel tariffs on some products, such as bicycles and household goods


Post time: Jun-08-2022

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