China balks at Biden’s insistence on maintaining Trump-era tariffs, while think tank urges ‘recoupling’


Source: scmp.com scmp.com

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China’s Ministry of Commerce has insisted that tariffs on its goods be removed, after US President Joe Biden said on Wednesday that he was not ready to lift the Trump-era taxes because Beijing had failed to deliver on the promises it made under the phase-one trade deal that expired at the end of last year. “The Chinese side has always believed that cancelling the additional tariffs is good for China, the United States and the world,” ministry spokeswoman Shu Jueting said when asked to comment on Biden’s statement. “Especially under the current inflationary situation, lifting additional tariffs is in the...