China, US can find common ground on tariff exclusions

31st May, 2021

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US and Chinese flags are seen in front of US dollar and China’s yuan banknotes in this illustration picture. Photo: REUTERS/FILE

The Biden administration is unlikely to remove tariffs on Chinese goods in the short term, but China and the United States might find a middle ground by increasing tariff exclusions as a way to reduce tensions, a Chinese think-tank said. With even free trade advocates in the US lobbying that Washington should use tariff cuts as a tool for new trade negotiations with China, tariffs are likely to remain in place, said a report from China Finance 40 forum (CF40) on Saturday, an economic and finance think tank with members from regulators, academia and financial institutions.

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