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

China offers ‘wonderful opportunity’ for scientists, leading European neurologist says
Laos moves to promote sustainable tourism and green economy
Expert says Najib house arrest ruling is constitutional
Asean must do what is necessary to maintain regional peace, says Malaysia FM
HK-based actress Natalie Ng addresses claim of ex-husband leaving her amid cancer battle
Umno leaders call out Puchong MP over remark on decision in Najib's house arrest bid
China issues 11-point policy package to boost consumer spending amid slowing retail sales
Trump calls fentanyl a weapon of mass destruction: ‘no bomb does what this is doing.’
Laos and Vietnam plan joint university and expand the student exchange programme
Ringgit ends lower amid profit-taking, lack of fresh market catalysts

Others Also Read