US considering ending some tariffs against China to combat inflation

inflation

The Biden administration is considering removing some Trump-era tariffs on Chinese imports. This is to contain domestic inflation, according to local media and US Commerce Secretary Gina Raimondo. Lifting duties on things like household goods and bicycles “may make sense,” she told reporters. The Biden administration is considering removing some Trump-era tariffs on Chinese imports … Read more

US, S.Korea sign pact on supply chains, economic ties

BIDEN

The US Commerce Department stated Saturday that the US and South Korea have agreed to collaborate more closely on critical trade and supply-chain concerns. Establishing a US-Korea Supply Chain and Commercial Dialogue, the statement said, would “foster increased collaboration and strengthen the international competitiveness of US and Korean industry.” The announcement, which offered little detail … Read more