He thinks bringing cheap shit in from China will help bring down inflation. That's just scary. Biden is reportedly close to lifting a narrow range of Trump-era tariffs on Chinese goods, it emerged on Tuesday, as he weighs helping American consumers with rising prices with keeping pressure on Beijing.
Industry figures and former administration officials said it could cover only $10 billion of goods. It could be limited to about $10 billion worth of goods - out of about $370 billion sanctioned by Trump - mostly consumer goods such as bicycles.
An announcement could come this week, amid more signs that American families are struggling to meet bills. Biden has spent weeks mulling scrapping tariffs to control inflation which is running at an annual figure of almost nine percent.
His administration is finalizing a mandatory review of tariffs first imposed by President Donald Trump, who said China should be punished for unfair trade practices.
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