Reductions in tariffs imposed by the United States on China

Reductions in tariffs imposed by the United States on China

The discounts arrived, well, the reductions in the tariffs imposed by the United States on China arrived to reduce the inflationary pressures that raise the price paid by the final consumer.

Janet Yellen is the US Treasury Secretary and said "some reductions may be justified" to help push prices down.

You know that Trump raised tariffs on imports from China a lot during his trade war (By the way, I think it was the right decision at the time, what do you think?).

Joe Biden has maintained those tariffs from Trump considering that some of them are very important to guarantee the national security of the United States and protect its workers.

The idea is to help American citizens by lowering taxes on household products, bicycles and others that "could make sense."

Biden listened to the industry in the electricity sector and has already announced the suspension of tariffs on solar panels from Thailand, Cambodia, Vietnam and Malaysia.

And since 1+1 = 2 , the tariff exception will benefit precisely Thailand, Cambodia, Vietnam and Malaysia.

Biden is also strategically reducing tariffs on UK steel, imposed in 2018 by Trump.

Thank you that China and the United States are improving their communication and coordination on macroeconomic issues.

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Blog source: https://transvectologistics.com/blog/reducciones-a-los-aranceles-impuestos-por-estados-unidos-a-china

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