Speaking during a news conference with Japanese Prime Minister Fumio Kishida, President Joe Biden revealed that his team is looking at the possibility of cutting tariffs on Chinese goods to curb inflation. "I am considering it. We did not impose any of those tariffs. They were imposed by the last administration and they're under consideration," he told reporters, adding that he will push the Organization of the Petroleum Exporting Countries (OPEC) to increase production levels to lower energy prices.
It has already been five years since former President Donald Trump fired the opening salvo in his trade war with China, slapping tariffs and restrictions on goods coming from Beijing. Now that inflation is spiraling out of control, President Biden and his administration are weighing the possibility of removing these penalties to help curb higher prices. But while removing trade barriers c...
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