US officials debate whether to lift China tariffs, inflation and midterm elections – BBC News

May 23, 2022 at 1:15 am

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U.S. President Joe Biden said on May 10 that he and his team are discussing whether to cut tariffs on China to combat the inflationary problem ravaging the United States.

Following the US Trade Representative Dai Qi, Biden’s remarks once again set off a heated discussion in China on the other side of the ocean. There is a view that the four-year trade war may end here, and the Chinese official also issued a statement claiming that “it is good for the United States and good for China. good for the world.”

The discussion is even more intense in the United States. On the one hand, within the government, the views of U.S. Treasury Secretary Yellen and Trade Representative Dai Qi are tit-for-tat; on the other hand, large U.S. retailers are complaining about high tariffs, but most people support the opposition. Chinese punitive tariffs.

Meanwhile, the Biden administration will face a test in the midterm elections in November. Is high inflation hitting the approval rating harder, or softening the stance on China hits the approval rating harder? This is the current dilemma facing Biden, and it may also affect the future direction of the protracted trade war between China and the United States.

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