(VOVWORLD) - President Joe Biden's administration is reviewing the removal of some tariffs on China and a possible pause on federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said on Sunday.
 Cargo containers at the port of Long Beach, California, USA. (Photo: AFP/VNA) |
US Treasury Secretary Janet Yellen said some tariffs on China inherited from the previous administration of former President Donald Trump served "no strategic purpose" and added that Biden was considering removing them as a way to bring down inflation.
Yellen, speaking to ABC News, said the administration was reviewing its China tariff policy but did not cite specifics and declined to say when there may be a decision.