Biden Says ‘Not There Yet’ on Possible Easing of Tariffs on Chinese Goods



Alexandra Alper and Andrea Shalal | Reuters

President Joe Biden on Wednesday said it was too soon to make commitments on lifting U.S. tariffs on Chinese goods, but his chief trade negotiator Katherine Tai was working on the issue.

“I’d like to be able to be in a position where I could say they’re meeting their commitments, or more of their commitments, and be able to lift some of them, but we’re not there yet,” Biden told a news conference at the White House.

He was referring to China’s commitments under a Phase 1 trade deal signed by his predecessor Donald Trump.

China has fallen far short of its pledge under the two-year Phase 1 trade agreement to buy $200 billion in additional U.S. goods and services during 2020 and 2021, and it remains unclear how the shortfall will be addressed.

To read the full article by Reuters, please click here.