5/22, 9:24 PM (Source: TeleTrader)
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US considers dropping Trump China tariffs - WH

White House Economic Advisor Brian Deese (pictured) told CNN in an interview broadcast Sunday that the Biden administration is actively considering removing tariffs imposed against China by former President Donald Trump.

Asked about whether the US is falling into a recession, he said the country's economy is in a transition from the "strongest recovery in modern American history" to a period of more stable growth. "There's no doubt we face serious global challenges," he admitted.

"We've navigated through Delta and Omicron. We've navigated through the gyrations coming from Putin's war in Ukraine and still the American consumer and American business has been resilient," Deese concluded.

Baha Breaking News (BBN) / NL