Washington CNN —The Biden administration is set to unveil a sweeping restructuring of former President Donald Trump’s trademark tariffs on Chinese imports, according to sources familiar with the matter.
“The Biden administration has neutralized China as a campaign issue,” said Hodge, now a managing director at Bully Pulpit International.
Tariffs are essentially a tax on US businesses and consumers, adding to the cost of imported goods.
More than half of the duties have been collected during the Biden administration.
The Biden administration had planned to release the results of the review in advance of the Pittsburgh speech, the sources familiar with the matter said, but ended up delaying the release.
Persons:
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Locations:
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