US considers lifting some tariffs on Chinese goods

US Secretary of Commerce Gina Raimondo said the above information in an interview with the news agency CNN on 5/6. The minister gave his answer when asked if the Biden administration would consider removing it Tariffs for China to reduce inflation or not.

Ms. Raimondo said that there are a number of products such as household goods, bicycles … that can be considered for tariff removal. However, according to her, the administration has decided to maintain tariffs on steel and aluminum to protect American workers and the country’s steel industry.

In the interview, Ms. Raimondo also expressed disagreement with the assessment that President Biden’s $1.9 trillion rescue plan had “contributed” to the current high inflation.

Tariffs on billions of dollars worth of imports from China are due to expire in July. Against this backdrop, there are growing calls for the Biden administration to lift Trump-era tariffs to reduce them. The highest inflation rate in the US in more than 40 years.

The removal of tariffs could help reduce inflation because it makes imports into the United States cheaper.

Earlier, President Biden said he was considering removing some of the tariffs that his predecessor imposed on hundreds of billions of dollars of Chinese goods in 2018 and 2019, a time when the trade war between the two economies. the world’s largest economy became acute.

China also argues that cutting tariffs will cut costs for American consumers.

In addition, Mrs. Raimondo also told CNN that the ongoing semiconductor chip shortage is likely to continue until 2024.

Congress needs to act and pass the Semiconductor Bill, which is still on hold, Raimondo said. The bill is intended to boost US semiconductor manufacturing to give it more competitive advantage over China.

* Invite readers to watch programs broadcast by Vietnam Television on TV Online and VTVGo!