Biden announced talks with Xi Jinping on the abolition of tariffs

Biden announced talks with Xi Jinping on the abolition of tariffs

US President Joe Biden is planning talks with Chinese leader Xi Jinping soon.

Biden announces tariff-waiver talks with Xi Jinping

This was reported by «Voice of America».

According to Biden, the negotiations will concern the abolition of some duties on Chinese goods introduced under Donald Trump. He also noted that he is approaching a decision on the fate of economic sanctions.

«I am in the process of making a decision», — Biden told reporters in a brief conversation after a bike ride near his beachfront home in Delaware.

The National Security and Economic Assistants are also said to be finalizing a U.S. tariff policy review and will make recommendations to the President shortly.

Note that the tariffs introduced under Trump included a 25% duty on billions of dollars worth of Chinese goods. The sanctions were aimed at reducing the US trade deficit and forcing China to practice fairer practices.