In the United States changed its mind to cancel the “Trump” tariffs on goods from China

The US will postpone tariff cuts on Chinese goods due to the escalation around Taiwan, Reuters reports. According to the agency, Beijing’s reaction to US House Speaker Nancy Pelosi’s visit to Taiwan forced the Joe Biden administration to adjust plans. If earlier the White House intended to cancel a number of anti-Chinese tariffs introduced under Trump, including in order to fight inflation, now Washington has decided not to rush. Because the reduction in duties now, at a time of serious aggravation of relations between the two states, can be perceived as a concession to the enemy. At the same time, the agency’s sources emphasize that the US leadership does not want to introduce new restrictions so as not to provoke China even more.

Reuters explains that “Trump” tariffs on certain types of Chinese products have not had the best effect on the US economy. Because of them, importing goods from China became more expensive for American companies, which was reflected in the price of the final product. The Biden administration has been thinking about eliminating a number of tariffs and expanding the list of exceptions. Biden needs to show success in the fight against inflation, because congressional elections will be held in November, in which Republicans can win a majority in both chambers. But a large-scale military exercise by the PRC involving ballistic missile launches forced its administration to delay the tariff revision. “Taiwan has changed everything,” the Reuters source summarizes.