U.S. Treasury’s Adeyemo says Biden considering plans for tariffs on Chinese goods
2022.05.31 17:01
U.S. Deputy Treasury Secretary Wally Adeyemo speaks during a joint news conference with EU Commissioner McGuinness (not pictured) in Brussels, Belgium March 29, 2022. REUTERS/Johanna Geron/Pool
WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo said on Tuesday that the Biden administration considering whether to reduce some Trump-era tariffs on Chinese goods but needs to balance short-term price reduction goals against the longer-term need to eliminate unfair competition for U.S. firms.
“We’re actively considering what we do with regard to those tariffs,” Adeyemo told CNN in a live interview. “I think the important thing for every American to know is that the president is committed to doing everything we can to bring down costs in a sustainable way.”
