US Treasury's Adeyemo says Biden considering plans for tariffs on Chinese goods
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SUNDAY, AUGUST 14, 2022
US Treasury's Adeyemo says Biden considering plans for tariffs on Chinese goods

World+Biz

Reuters
31 May, 2022, 09:00 pm
Last modified: 31 May, 2022, 09:04 pm

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US Treasury's Adeyemo says Biden considering plans for tariffs on Chinese goods

Reuters
31 May, 2022, 09:00 pm
Last modified: 31 May, 2022, 09:04 pm
US Treasury's Adeyemo says Biden considering plans for tariffs on Chinese goods

US Deputy Treasury Secretary Wally Adeyemo said on Tuesday that the Biden administration considering whether to reduce some Trump-era tariffs on Chinese goods but needs to balance short-term price reduction goals against the longer-term need to eliminate unfair competition for US firms.

"We're actively considering what we do with regard to those tariffs," Adeyemo told CNN in a live interview. "I think the important thing for every American to know is that the president is committed to doing everything we can to bring down costs in a sustainable way."

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