The change in tariff policy towards China in the US Treasury is called a “modification”.
The Biden administration is considering repealing some tariffs for China, as well as a possible suspension of federal gas taxes as the United States tries to cope with rising gasoline prices strong> and inflation . This was stated on Sunday by two high-ranking officials, according to the Voice of America.
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A number of unfair trade practices that are important to combat, but some of the tariffs we have inherited, are not a strategic goal and increase costs for consumers, “said the US Treasury Secretary.
She also added that Biden is considering the possibility of abolishing them as a way to reduce inflation. She did not specify what the tariffs were.
Energy Minister Jennifer Grenholm, meanwhile, said the president was also considering suspending the federal gas tax to cut prices. Speaking on CNN, the minister said the move was “out of the question.”
Forty years.
Earlier, US President Biden said he was considering repealing some of his predecessor's tariffs on hundreds of billions of dollars worth of Chinese goods amid a fierce trade war between the world's two largest economies.
Over the past 12 months , US fuel prices have risen by 62%. Americans complain about gasoline at $ 1.3 per liter, while Europeans pay almost € 2/liter, and this is hardly the limit.
