WASHINGTON, D.C.: U.S. President Joe Biden has said that he is planning to speak with Chinese President Xi Jinping soon, and is deciding whether to ease economic tariffs on China.
President Donald Trump has imposed a 25 percent duty on billions of dollars of Chinese products. The tariffs were designed to reduce the U.S. trade deficit and force China to adopt fairer practices.
Meanwhile, Treasury Secretary Janet Yellen has said that eliminating some of the China tariffs would help America fight inflation in the United States.
However, U.S. Trade Representative Katherine Tai has voiced objections to easing tariffs when China has not upheld its agreements on purchasing U.S. products.
"What is of the utmost importance for us is to ensure that this medium-term strategic realignment that we know we need to accomplish is something that we are able to accomplish and that nothing that we do in the short term undermines that larger goal," Tai recently told The Associated Press.