World Trade

China believes consumers will gain sooner if U.S. tariffs are eliminated sooner.

According to a ministry spokesperson, the sooner US tariffs on Chinese exports are removed, the sooner consumers and businesses will benefit.

Shu said removing all extra taxes on Chinese imports will benefit China, the U.S., and the world, and the two countries should foster economic and trade cooperation.

Katherine Tai, the U.S. Trade Representative, said that lowering tariffs won’t have much of an effect on short-term inflation.

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