Published: March 24th, 2022,
Last updated: March 23rd, 2022
The U.S. government on Wednesday rolled back a series of tariffs against products from China. Technically, it involves the reintroduction of tariff relief for 352 categories of goods that had originally been subject to tariffs but had in the meantime received an exemption that had expired. The Trump administration had imposed tariffs on a wide range of products, which his successor, Joe Biden, has been reconsidering since October. His Trade Representative Katherine Tai now announced to suspend the first tariffs retroactively since October 2021. The background could be the fight against inflation. When goods from China become cheaper, prices fall.