7/4, 11:50 AM (Source: TeleTrader)
more TeleTrader news

Biden could announce China tariffs cut this week - report

United States President Joe Biden could be announcing his decision on easing tariffs on imports from China as early as this week, the Wall Street Journal reported on Monday citing sources familiar with the matter.

According to one of the sources, the decision could include the rolling back of tariffs on consumer goods such as clothing and school supplies. In addition, the Biden administration might also commence a broad framework that would allow importers to request tariff waivers.

Earlier, it was reported that the US government has been at odds on the matter of Chinese tariffs. On the other hand, Beijing officials underscored that such a move would be beneficial on a global level.

Baha Breaking News (BBN) / AY