Biden intends to ease restrictions on imports of goods from China to curb inflation - The Wall Street Journal

05 July 2022, 00:58 | Peace
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US President Joe Biden plans to ease restrictions on imports of Chinese goods, writes The Wall Street Journal.

The White House may announce as early as this week the suspension of tariffs on imports from China of certain products, including consumer goods, including clothing and school supplies..

In addition, the Biden administration intends to launch a program under which importers will be able to apply for exemption from tariffs..



According to WSJ sources, Biden repeatedly delayed announcing the easing of restrictions on trade with China due to controversy regarding the move both within the White House and among business representatives, as well as lawmakers..

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Earlier it was reported that Biden urged gas station owners to reduce fuel prices " Residents of the US, Europe and the rest of the world hear and see daily reports of Russian aggression against Ukraine, but they are more concerned about the almost daily rising prices for food and gasoline in their own countries..




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