Commodities and Futures News
Biden says weighs reducing tariffs on China, asking OPEC to pump more oil
2022.05.23 09:31
U.S. President Joe Biden speaks during a joint news conference with Japan’s Prime Minister Fumio Kishida (not pictured) after their bilateral meeting at Akasaka Palace in Tokyo, Japan, May 23, 2022. REUTERS/Jonathan Ernst
TOKYO (Reuters) – U.S. President Joe Biden said he was weighing cutting tariffs on Chinese goods while increasing calls on OPEC to raise oil production as he grappled with a politically damaging wave of inflation.
“I am considering it. We did not impose any of those tariffs. They were imposed by the last administration and they’re under consideration,” Biden said on reducing tariffs on China.
He made the comments during a news conference with Japanese Prime Minister Fumio Kishida.
