People familiar with the matter revealed that the US President Biden was scheduled to meet with his consultant on Friday (July 8), or he would discuss the tariffs on Chinese goods in China.
Bloomberg quoted anonymous insiders reported that this was the latest round of White House meeting held by Biden to reduce tariff projects.It is unclear whether Biden intends to determine the next forward path.Because the president Biden has not made a decision, people familiar with the matter are unwilling to disclose their names.
The White House Week (July 7) did not immediately respond to the comment request.
According to those familiar with the inside story, the US government is trying to curb the rapidly rising inflation, and Biden has been evaluating whether to cancel the former President Trump more than 300 billion US dollars (approximately S $ 420 billion) Part of the tariffs levied by Chinese imported goods.
Trump shall impose tariffs on China's transmission of goods in the United States in July 2018 based on Article 301 of the 1974 Trade Law.A previous survey concluded that China stole intellectual property rights of American companies and forced them to transfer technology.
U.S. President Biden expects to cancel some tariffs on imported goods in China, but this decision has been restricted by the policy goals of conflict: cope with inflation and maintain economic pressure on Beijing.
The Wall Street Journal quoted people familiar with the matter and said that in recent weeks, Biden's next step has been hanging and unreasonable, and he may announce the decision this week.The decision may include tariffs on consumer goods such as clothing and school supplies, as well as a broad framework that allows importers to apply for tariff exemption.
