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Biden Close to Rollback of Chinese Tariffs to Fight Inflation

  • Move could include announcing new probe into China’s subsidies
  • Easing tariffs seen as way to counter accelerating inflation
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WATCH: Biden may announce a rollback of some US tariffs on Chinese consumer goods as soon as this week. Eric Martin reports.Source: Bloomberg

President Joe Biden may announce as soon as this week a rollback of some US tariffs on Chinese consumer goods -- as well as a new probe into industrial subsidies that could lead to more duties in strategic areas like technology.

Biden has not yet made a final decision, and the timing could slip, according to people familiar with the deliberations, who asked not to be identified without permission to discuss private conversations.