White House Considering Reducing or Increasing Tariffs on China

by | Aug 10, 2022

White House Considering Reducing or Increasing Tariffs on China

by | Aug 10, 2022

joe biden and donald trump

Joe Biden and Donald Trump

President Joe Biden is examining a range of options for what to do with the current tariffs on China, according to Reuters. For months, the administration has considered cutting tariffs on Beijing to relieve inflation in the US, but has alternatively thought about additional penalties as China carries out military drills in the waters surrounding Taiwan. 

Under President Donald Trump, the US placed tariffs on over 2,000 categories of Chinese goods, inflaming a trade spat which saw American tech firms pay over $32 billion in tariffs between 2018 and 2021. Biden maintained Trump’s trade war against Beijing through the first year of his administration, but rising prices stateside have spurred debate in the White House about easing the penalties. 

Since House Speaker Nancy Pelosi visited Taiwan last month, the US-China relationship has deteriorated. Beijing denounced Pelosi’s trip as a violation of Chinese sovereignty and another example of American meddling in its internal affairs, launching unprecedented war games in the waters and air space surrounding the island in retaliation. 

According to a Reuters report published Wednesday, the White House has made a political calculation to avoid any action that could be perceived as too dovish toward Beijing, though is still reluctant to “do anything that could be viewed by China as an escalation.”

“I think Taiwan has changed everything,” one source told the outlet.

Top officials in the administration say the president has not made a decision on how to proceed, however, with one staffer telling Reuters that Biden “had not made a decision before events in the Taiwan Strait and has still not made a decision, period. All options remain on the table. The only person who will make the decision is the president – and he will do so based on what is in our interests.”

Kyle Anzalone

Kyle Anzalone

Kyle Anzalone is news editor of the Libertarian Institute, opinion editor of Antiwar.com and co-host of Conflicts of Interest with Will Porter and Connor Freeman.

View all posts

Our Books

Shop books published by the Libertarian Institute.

libetarian institute longsleeve shirt

Support via Amazon Smile

Our Books

15 books

Recent Articles

Recent

News Roundup 12/19/2024

News Roundup 12/19/2024

US News Uhuru Members Will Face No Prison Time Over Bogus Foreign Agent Allegations AWC Senate Passes Massive $895 Billion National Defense Authorization Act AWC Ukraine Ukrainian Intelligence Kills Senior Russian General in Moscow Bombing AWC Israel Israeli Defense...

read more
News Roundup 12/17/2024

News Roundup 12/17/2024

Ukraine Trump Suggests He Could End US-Supported Long-Range Strikes on Russia AWC Israel Israeli Attacks Kill 52 More Palestinians in Gaza Over 24 Hours AWC Israeli and Hamas Officials Say a Hostage Deal Is Close AWC Syria After Syria Regime Change, Conflicting...

read more
News Roundup 12/16/2024

News Roundup 12/16/2024

Ukraine Orban Says Zelensky Rejected Proposal for a Christmas Truce AWC Trump Says He ‘Vehemently’ Disagrees With US-Backed Long-Range Missile Strikes on Russia AWC  France, Poland Discuss Sending Troops To Monitor Future Ukraine Ceasefire AWC NATO Chief Calls for...

read more

Pin It on Pinterest

Share This