Tariff cut on Chinese imports expected to ease high US inflation


The Commerce Department building in Washington, DC, the United States. - Xinhua

BEIJING (China Daily/Asia News Network): Lifting tariffs on certain Chinese products will help mitigate the highest inflation in four decades in the United States and put bilateral trade relations back on a normal track this year, experts and business leaders said on Sunday (April 24).

They made the remarks after US Treasury Secretary Janet Yellen suggested on Friday that the US is open to scaling back the widespread Trump-era tariffs on Chinese goods to help deal with the high inflation disrupting the US economy this year.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , US , tariffs , inflation

Next In Aseanplus News

Taiwan celebrates Christmas once again after 25 years. Sort of.
Myanmar's decade of turmoil: elections, coup and conflict
Blackpink for Ayumi? Why China may reward South Korea’s soft stance amid Japan tensions
Albert Tei wants police to release CCTV footage of MACC raid
Spotify says piracy activists hacked its music catalogue
China teacher hides pupil’s death from class, asks group to write farewell letters
Bangladesh leader seen as likely next prime minister set to return from exile ahead of polls
QuickCheck: Does the Social Welfare Department issue cards for senior citizens?
Brunei honours duo for contributions to cybersecurity sector
Police seek help in locating missing 12-year-old boy in Taman Bukit Indah

Others Also Read