Investor Alert

The Wall Street Journal

July 5, 2022, 1:28 a.m. EDT

Biden could announce easing in some China tariffs this week, say sources

By Yuka Hayashi

WASHINGTON—President Biden is expected to roll back some tariffs on Chinese imports soon, a decision constrained by competing policy aims:  addressing inflation  and maintaining economic pressure on Beijing.

People familiar with the situation say what comes next has been pending with Mr. Biden in recent weeks and that he could announce his decision this week. It  could include a pause on tariffs  on consumer goods such as clothing and school supplies, as well as launching a broad framework to allow importers to request tariff waivers.

The Office of the U.S. Trade Representative is conducting a mandatory four-year review of the Trump-era tariffs. A comment period for businesses and others who have benefited from the tariffs will close July 5, giving the administration an opportunity to calibrate its policy.

As he weighs a decision, Mr. Biden has been buffeted by policy disagreements both within his administration, and by outside forces including business, labor and lawmakers. A plan to announce a tariff cut has been repeatedly postponed, administration officials and trade experts say.

An expanded version of this story can be found at WSJ.com

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