April 28, 2022 - 04:19 PM 306 views
On Thursday, the spokesman for the commerce minister, Geo Fang,
told the online media, "In the face of rising inflation, the cancellation
of the further tariffs imposed by the US government on Chinese products is in
the best interests of American businesses and consumers."
He further added that, "Normal conversation between the
economic and trade teams of both sides is going on."
Geo Fang commented in reply to US Treasury Secretary Janet Yellen's statement. Previously, Yellen added that the US is reevaluating its trade strategy towards China and that the USA is willing to reduce its tariff rates on Chinese goods and services in order to address inflation.