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Biden May Ease Chinese Tariffs to Curb Inflation Despite Skeptics Urging Further Pressure on Beijing_我的网站

A |     President Joe Biden is expected to roll back some Trump-era tariffs on Chinese imports as early as next week, according to insiders cited by The Wall Street Journal.,The decision, which could include a pause on tariffs on consumer goods ranging from clothing to school supplies, would likely be complemented by a broader policy allowing importers to request tariff waivers, added the report.,The decision is believed to be prompted by the need to address sky-rocketing inflation, which rose unexpectedly last month to a fresh four-decade high of 8.6%, according to the US Labor Department.,However, the move will attempt to strike a balance between cutting consumer costs while maintaining pressure on Beijing, stated the publication.,The timing of the reported announcement is linked to a mandatory four-year statutory review of tariffs set in place under then-President Donald Trump by the Office of the US Trade Representative (USTR). It issued a Federal Register notice in May to initiate the first step of the process to determine whether China tariffs “issued pursuant to Section 301 of the Trade Act of 1974” should be continued beyond the 4-year mark since their implementation.,Thus, claimed the report, the Biden administration will be provided with an opportunity to ‘calibrate its policy’ before the comment period for businesses and others who have benefited from the tariffs closes on July 5.,‘Split’ Over China Tariff,Joe Biden’s decision regarding China tariffs has been delayed up until now due to deep divisions within his own administration on this issue, according to WH officials and trade experts cited by the outlet.,US Treasury Secretary Janet Yellen in June revealed that the administration was looking at ways to ‘reconfigure' the tariffs to help curb inflation, adding that some of the restrictions inherited from the administration of the 45th POTUS were not ‘strategic’ and failed to address China’s ‘unfair trade practices.’,“Reconfiguring some of those tariffs so they make more sense and reducing unnecessary burdens is something that’s under consideration,” Ms. Yellen said in an interview with ABC News on June 19.,Still earlier, on June 8 Yellen told the House Ways and Means Committee hearing she expected the Biden administration to have additional information on its plans ‘in the coming weeks.’,“I think some reductions may be warranted,” Yellen said of the tariffs, claiming that the cost of certain duties on China ended up being paid by Americans. Her stance has been reportedly supported by Commerce Secretary Gina Raimondo.,Scholar: Biden's Plan to Lift China Tariffs Shows US Can't Take on Beijing and Moscow at Once24 June, 16:21 GMT,Proponents of tariff slashing believe that it could signal Biden’s resolve to fight inflation and boost the Democratic president’s plummeting approval rating ahead of the November midterms.,However, opposing a paring back of the tariffs are US Trade Representative Katherine Tai and National security adviser Jake Sullivan, reported WSJ. Tai has repeatedly defended the tariffs as a useful tool for achieving concessions from China.,“The China tariffs are, in my view, a significant piece of leverage, and a trade negotiator never walks away from leverage,” Tai told a Senate subcommittee meeting on June 22.,According to skeptics, a mulled tariff cut should be complemented by specific measures. The suggested options ostensibly include raising tariffs on strategic items such as industrial machinery and transportation equipment, while lowering duties on consumer goods.,Furthermore, tariffs on a new set of products could be derived from a fresh US probe under Section 301 of the Trade Act focusing on China’s industrial subsidies on high-tech items, stated the report.,However, economists doubt that easing Chinese tariffs would have a dramatic impact on inflation.,Leading US Unions Urge Biden Administration Not to Ease Tariffs on Chinese Goods7 June, 12:23 GMT,Peterson Institute for International Economics analysts Megan Hogan and Yilin Wang were cited as saying that removing tariffs on Chinese imports could bring down the consumer-price index inflation by no more than a marginal 0.26 percentage points. However, subsequently, “as US corporations trim their markups to compete with imports,” that might result in a 1-percentage-point reduction in inflation, experts added.,In his trade war with China over its purportedly unfair trading practices, former President Donald Trump imposed over four rounds of levies between July 2018 and September 2019. Targeting Chinese imports worth an estimated $370 billion, they ranged from 7.5% to 25%.,Trump’s actions were based on the findings of a Section 301 investigation into China’s practices related to technology transfer and intellectual property.,Despite the US and China penning a trade deal in 2020, Washington had kept intact most levies on Chinese imports ostensibly to ensure compliance with the accord’s provisions. Beijing has argued that the tariffs hurt both countries.,“With inflation rates running high across the globe, the U.S. needs to lift all the additional tariffs imposed on China, as this will serve the interests of businesses and consumers and benefit both countries and the world at large,” Chinese Foreign Ministry spokesman Wang Wenbin said at a June 15 press conference.。

B |     

    
    　　北京首钢篮球俱乐部今日正式宣布，经三方友好协商，球队功勋后卫方硕将在新赛季暂别北京男篮，加盟湖南长沙勇胜篮球俱乐部，征战NBL联赛。
    
    　　现年已过而立之年的方硕，自2008-2009赛季代表北京首钢初登CBA赛场以来，已身披北京战袍近二十载。

C | 他见证了球队三次夺得CBA总冠军的辉煌历程，从一名年轻后卫逐渐成长为球队后场核心，并在2019-2020赛季荣膺CBA最佳第六人奖项。凭借精准的三分球和关键时刻的冷静发挥，方硕无数次在危局中扛起球队，已成为北京篮球的标志性人物之一。
    
    　　此次方硕南下加盟长沙勇胜，是北京首钢篮球俱乐部、长沙勇胜及球员本人三方共同推动的结果。这不仅是为方硕个人提供新的赛场挑战，更是在国内职业篮球框架下探索人才双向流动、推动地方俱乐部建设的一次积极尝试。

D |
    
    　　相较于CBA联赛，NBL联赛作为国内职业篮球的重要组成部分，承载着培育地方篮球人才、普及大众篮球文化的重要职能。

E | 作为拥有丰富大赛经验和冠军履历的本土老将，方硕将在新环境中以成熟的技术打法带动年轻球员成长，助力长沙勇胜冲击更好成绩，同时也将北京首钢多年积累的赛训理念播撒至更广阔的篮球土壤。
    
    　　北京首钢俱乐部在公告中表达了对方硕的理解与祝福：“近二十载首钢岁月，忠诚从未褪色；此去千里征途，初心始终不变。无论身在湖南赛场，还是未来重回北京，方硕身上永远带着首钢人的底色。”
    
    　　俱乐部祝愿方硕在湘江之畔继续释放能量，为两地篮球人才培养和北京首钢俱乐部整体建设做出更大贡献。此次暂别，不仅是一段新旅程的开启，更是北京篮球精神的一次远行。

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Published on:18:36:47