日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
World
Home / World / Americas

Biden says 'discussing' whether to drop hiked tariffs on Chinese products

Xinhua | Updated: 2022-05-11 14:04
Share
Share - WeChat
US President Joe Biden delivers remarks on administration plans to fight inflation and lower costs during a speech in the Eisenhower Executive Office Building's South Court Auditorium at the White House in Washington, May 10, 2022. [Photo/Agencies]

WASHINGTON - US President Joe Biden on Tuesday said the administration is discussing whether to drop the additional tariffs on Chinese imports imposed during the Trump administration, while noting that no decision has been made.

"We're discussing that right now. We're looking at what would have the most positive impact," Biden said in response to a question after making remarks on inflation at the Eisenhower Executive Office Building.

Following Biden's remarks, outgoing White House Press Secretary Jen Psaki said at a press briefing that the US government has already announced some tariff exclusions back in March, and it has been an "ongoing review."

"We are continuing to review where it would be advantageous to take steps that would help reduce wages -- or increase wages and help certain industries that are impacted by these tariffs in a way that we don't feel is effective," Psaki told reporters.

"There will be more and he's (Biden's) continuing to weigh them," Psaki said, adding that US Trade Representative Katherine Tai is leading that effort.

Biden's remarks followed recent statements by Deputy National Security Adviser Daleep Singh and Treasury Secretary Janet Yellen, who spoke about potential easing of tariffs on Chinese goods in late April.

Such voices came as the United States is experiencing the highest inflation in four decades. The March consumer price index (CPI) surged 8.5 percent from a year earlier, the largest 12-month increase since the period ending December 1981, according to data from the US Labor Department. The April CPI, set to be released on Wednesday, is expected to remain elevated.

"I know that families all across America are hurting because of inflation," Biden said in his speech Tuesday. "I'm taking inflation very seriously and it's my top domestic priority."

The US president argued that the supply chain challenges resulting from the "once-in-a-century pandemic" and the Russia-Ukraine conflict are the two leading causes of the surging inflation.

Gary Hufbauer, a former US Treasury official and nonresident senior fellow at the Peterson Institute for International Economics (PIIE), however, argued that the massive fiscal relief and the Federal Reserve's slow action together led to the current situation.

"I think the Fed went way, way too far in the quantitative easing and the zero interest rates," Hufbauer recently told Xinhua.

Hufbauer, a long time trade expert, said the US government should eliminate or at least reduce additional tariffs on Chinese imports, arguing that such trade liberalization measures will help lower elevated inflation and stabilize inflation expectations.

In a research published on PIIE's website, Hufbauer and his colleagues Megan Hogan and Yilin Wang argued the direct effect of eliminating additional tariffs on Chinese products would be a 0.3 percentage point reduction in CPI, but there would also be indirect effect, which will add "substantially" to the 0.3 percentage point.

"It would be a pretty big signal to US firms that they are going to face more competition and that might cause them to moderate their price increases as inflation rolls forward," said Hufbauer.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美精品日韩在线 | 一级免费黄色片 | 超碰公开在线观看 | 99爱在线 | 国产婷婷 | 91在线播 | 夜夜爽网站 | 国产成人在线视频免费观看 | 91久久国产综合久久91精品网站 | 狠狠2019| 亚洲深夜视频 | 一区二区三区视频在线播放 | 四虎在线免费播放 | 国产性精品 | 色狠狠综合网 | 久操视频在线免费观看 | 久久久久久久久久久影院 | 亚洲 欧美 日韩 在线 | 伊人高清| 欧美日韩在线视频免费 | 久久理伦 | 正在播放jul一色桃子026 | 在线a天堂 | 亚洲天堂777 | 激情福利| 久久四虎 | 欧美一级黄色片 | 国产成人福利在线 | 美女视频一区 | 久久久极品 | 亚洲大胆视频 | 欧美偷拍综合 | 激情久久婷婷 | 欧美永久精品 | 欧美精品123 | 一区二区三区精品在线观看 | 国产精品8 | 成人高潮片免费视频 | 中文字幕123区| 欧美激情16p | 亚洲最新偷拍 |