US reviews China tariffs, possible pause on federal gas tax to curb inflation

WASHINGTON, June 20 — President Joe Biden’s administration is reviewing the removal of some tariffs on China and a possible pause on federal gas tax as the United States struggles to tackle soaring gasoline prices and inflation, two top officials said yesterday.

The comments come as the Biden administration struggles to tackle record high gasoline prices and inflation, now at its highest in 40 years. “We all recognise that China engages in a range of unfair trade practices that is important to address but the tariffs we inherited, some serve no strategic purpose and raise cost to consumers,” she said.

Whether the United States, the world’s largest economy, will slip into a recession has been a growing concern for chief executives, the Federal Reserve, and the Biden administration.

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