NEW YORK/BEIJING -- Four years after the start of the trade war between the U.S. and China, Washington is weighing whether to lower its China tariffs to rein in inflation, a development that Beijing would welcome as it seeks to recover from a lockdown-induced economic slump.
The tit-for-tat tariffs began on July 6, 2018, with a 25% additional duty on $34 billion in Chinese industrial equipment and other products. The Office of the U.S. Trade Representative, led by Katherine Tai, is working on a mandatory once-in-four-years review of these duties, for which the public comment period ended Tuesday.
