Biden: In order to suppress domestic inflation or cancel tariffs on China

(Washington Composite Electric) US President Biden said on Tuesday that he knew that the rise in prices caused many American families to hurt. In order to solve the predicament, he and the Fed will give priority to domestic inflation problems.

Bayeng said in the White House to speak to the whole country that he was considering the cancellation of tariffs on China during the administration of former President Trump to reduce the price of American goods.But he added that "no decision has been made yet."

The White House spokesman Puski confirmed that night that the Biden government may publish more details on tariffs in the next few weeks.

Before the latest statement of Biden, US trade representative Dai Qi and Treasury Secretary Yellen recently stated that they were willing to consider cutting tariffs on goods improving China to fight high inflation.

Mei March CPI rose more than 8%

At present, the American people are deeply dissatisfied with the rising inflation rate.Biden believes that when people must pay more for goods and services, they must be frustrated.

The US Labor Agency data shows that the US Consumer Price Index (CPI) in March rose by more than 8%year -on -year, setting the highest record since December 1981.Subsequently, Biden announced a large -scale release of national strategic oil reserves. By investing in the international market by putting more than 30%of the total reserves of more than 30%of the total reserves, inflation pressure caused by the Russian -Ukraine conflict and crown disease epidemic.

According to the polls conducted by Reuters / Iposo this week, only 42%of the American adults supported Biden's governing performance. Interviewees believed that economic problems were the most important issues in the United States.

Biden promised that the Fed will do its best to suppress inflation.A few days ago, the Federal Reserve raised the benchmark interest rate by 50 to 0.75%to 1%. At the same time, it was decided to reduce the balance sheet from June 1 to cooperate with interest rate hikes to further promote inflation and fall.