Bloomberg News reported that US and British economists Said the movement of President Joe Biden of the United States to cancel tariffs on imported goods from China. It would only make the US inflation rate slightly lower. But it could pose a risk to Democratic House of Representatives and U.S. Senators candidates in November.
Analysts at the Peterson Institute of International Economics said lifting tariffs on Chinese imports would lower U.S. inflation from 8.6 percent in June to 7.3 percent, a drop of 1.3 percent.
While analysts at British bank giant Barclays Plc said: The abolition of tariffs on such imported goods It will help the US inflation rate to fall only 0.3% because the share of US imports from China is low.
As for the progress of the cancellation of tariffs on imported goods from China Biden’s administration Still looking for affordable alternatives to lower tax rates. Because the owner of an industrial business in the United States has filed a complaint with the Office of the US Trade Representative. to ask to maintain import tariffs from China With more than 400 petitions, President Biden had to postpone the hearing and decision.
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