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Reading: Commerce secretary: Biden administration might loosen China tariffs to fight inflation.
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The News God > Blog > Politics > Commerce secretary: Biden administration might loosen China tariffs to fight inflation.
Politics

Commerce secretary: Biden administration might loosen China tariffs to fight inflation.

Torffic Frimpong
Last updated: June 6, 2022 10:56 am
Torffic Frimpong - Content Writer
June 6, 2022
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During President Trump’s tenure in office, the federal government of the United States implemented tariffs.

Tariffs on Chinese goods will likely be cut in an effort by the United States government to stem the flow of historically high inflation in the United States.

On Sunday, the Secretary of Commerce, Gina Raimondo, asserted that President Joe Biden had personally requested that her staff examine the incident. She said that Biden’s request was sent to her staff. In March, the rate of inflation in the United States hit a level that was greater than it had ever been in any other month since 1979. This was the highest level it had ever been in any month since 1979.

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The imposition of tariffs by the outgoing president, Donald Trump, affects a wide variety of consumer goods that could be purchased from China at a reduced price if not for the tariffs. Earlier, Raimondo had lauded the tariffs that former President Trump had imposed on China, calling them “extremely successful.”

“We are continuing to monitor the situation. The President of the United States has requested that we look into the situation. To put it another way, we are taking care of it for him, but it is up to him to determine whether or not he will make use of it.” CNN questioned Raimondo over the incident, and in his response, he stated that he did not have any remark regarding the matter at this time.

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