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

Ex-junta prisoner runs for Suu Kyi's seat in Myanmar election
India to provide US$450mil to cyclone-ravaged Sri Lanka
Thai authorities rescue two lions, three bears found caged at Cambodian casino near border
Peso undervalued by 50%, but makes remittances stretch further this Christmas
Singaporeans visiting S. Korea can skip immigration lines with expansion of auto-gate system
Thai PM pledges support for Laos’ ‘Land-Locked to Land-Linked’ policy
Indonesia expects normal wet season in 2026, weather agency says
Six-year-old girl rescued from hostage-taking in Marawi City, Philippines
No white Christmas in South Korea? Brace for a cold snap
Nankai Trough earthquake: Not all evacuation towers in Japan ready for major tsunami

Others Also Read