Why Hasn’t The US Lifted Chinese Tariffs?


Source: investmacro.com investmacro.com

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Why Hasn’t The US Lifted Chinese Tariffs? January 20, 2022 By Orbex It seems so long ago that the biggest concern for the markets was a trade war between the US and China, initiated with taxes applied by the Trump administration. Among a diverse range of effects, China’s currency lost value dramatically. However, by now it has not only recovered but is trading at the strongest it has been in years. At the time that the tariffs were in effect, President Trump received quite vocal opposition from Democrats, including then prospective presidential candidate Joe Biden. So, there was an expectation...