Biden says he's 'not ready' to lower tariffs on Chinese goods

Despite pleas from US businesses for the tariffs to be lifted, US President Joe Biden said he is not ready to do so, adding that his chief trade negotiator Katherine Tai is working on the problem.Katherine Tai, the US Trade Representative, is "working on that right now," according to Biden, who celebrated his first year in office on Wednesday. "However, the answer is ambiguous," he continued. "I'd like to be able to be in a position where I could say they're meeting their commitments — more than their commitments — and be able to lift some of it, but we're…