Robert Besser
22 Jun 2022, 12:58 GMT+10
WASHINGTON, D.C.: U.S. President Joe Biden has said that he is planning to speak with Chinese President Xi Jinping soon, and is deciding whether to ease economic tariffs on China.
President Donald Trump has imposed a 25 percent duty on billions of dollars of Chinese products. The tariffs were designed to reduce the U.S. trade deficit and force China to adopt fairer practices.
Meanwhile, Treasury Secretary Janet Yellen has said that eliminating some of the China tariffs would help America fight inflation in the United States.
However, U.S. Trade Representative Katherine Tai has voiced objections to easing tariffs when China has not upheld its agreements on purchasing U.S. products.
"What is of the utmost importance for us is to ensure that this medium-term strategic realignment that we know we need to accomplish is something that we are able to accomplish and that nothing that we do in the short term undermines that larger goal," Tai recently told The Associated Press.
Get a daily dose of The UK News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to The UK News.
More InformationSAN FRANCISCO, California: Sam Altman, CEO of ChatGPT-maker OpenAI, has said the company could consider leaving Europe if it could ...
WASHINGTON D.C.: Reuters has reported that US President Joe Biden's nominee for a federal judge position in Kansas, Jabari Wamble, ...
WASHINGTON D.C.: Jennifer Homendy, head of the US National Transportation Safety Board, has said the US will investigate recent near ...
MIAMI, Florida: Four Chinese citizens living in Florida have sued the state over a new law barring citizens of China ...
OSLO, Norway: Norwegian Defense Minister Bjoern Arild Gram has said that Norway would conduct training programs for Ukrainian pilots in ...
LOS ANGELES, California: Reuters has reported that California is seeking approval from the the Biden administration to require all new ...
Manchester [UK], May 28 (ANI): Manchester United manager Erik Ten Hag has already set an objective for his team as ...
Southampton [UK], May 28 (ANI): Southampton's English winger Theo Walcott is set to leave the club after spending nearly three ...
NEWBURGH, N.Y. - Before he left Mauritania, the West African nation of his birth, Mohamed thought of New York as ...
Manchester [UK], May 28 (ANI): The Norwegian, Erling Haaland was named Premier League Player of the Season after a combined ...
Paris [France], May 28 (ANI): Lionel Messi created another record on Sunday in the Ligue 1 match against Strasbourg. The ...
Paris [France], May 28 (ANI): Paris Saint-Germain faced Strasbourg on Sunday at the Le Parc des Princes stadium. The match ...