EconomyThey will do it? The United States rethinks its...

They will do it? The United States rethinks its position on tariffs to China due to what happens with Taiwan

China ‘s military maneuvers around Taiwan have prompted US government representatives to recalibrate their stance on whether to remove some tariffs or potentially impose others on Beijing, according to sources familiar with the deliberations.

President Joe Biden has not made a decision on the matter, according to the sources. His team has been looking for months at various ways to ease the costs of tariffs imposed on Chinese imports under his predecessor, Donald Trump, as he tries to curb inflation.

A combination of removing some tariffs, launching a new “Section 301” analysis of potential areas for new tariffs and expanding a list of tariff exclusions has been considered to help US companies that can only source certain supplies from China.

Tariffs make Chinese imports more expensive for US businesses, and products cost more for consumers.

The tariffs that currently exist were imposed in 2018 and 2019 by Trump on Chinese imports valued at the time at 370,000 million dollars (mdd) to pressure the Asian giant for its alleged theft of American intellectual property.

Reducing inflation is one of Biden’s main goals ahead of November’s midterm elections, which could shift control of one or both houses of Congress from Democrats to Republicans.

However, China’s response to House Speaker Nancy Pelosi’s visit to Taiwan last week prompted a recalculation by the government, which seeks to do nothing that could be seen by the Asian giant. like a climb.

Chinese soldiers have been engaged for days in ballistic missile launches and simulated attacks on the island of Taiwan, which China claims as its own.

“I think Taiwan has changed everything,” said a source familiar with the latest developments in the process.

A high-ranking administration official clarified that Biden had not made a decision.

“The president had not made a decision before the events in the Taiwan Strait and has not made a decision yet, period. All options are still on the table,” the source said.

T-MEC: will the EU enforce its position with tariffs?

To make effective the broad spectrum of agreements that we have been signing, we need to have professionals more trained in creating favorable long-term conditions, says Gabriel Reyes.

Trump reappears and asks to 'punish' China for the covid: demands 100% tariffs and...

Donald Trump reappears and asks to 'punish' China for the damages of the covid: he demands 100% import tariffs and 10 billion dollars

China and the United States have first rapprochement after trade war

The Biden-Harris administration's guiding principles, but also concerns, were discussed through a telephone exchange.

Huawei president calls for venturing into software to face US sanctions

After stating that "the best defense is a good offense", Ren Zhengfei outlined an ambitious plan to develop software that adapts to the world.

More