Relaxing China tariffs would help US economy, report says

Washington (AFP) – Reducing tariffs on China by even a “moderate” amount would benefit the US economy, according to a study by a business council and an economics firm. The report released Thursday came as the United States awaits the inauguration of President-elect Joe Biden on Wednesday, who is expected to detail his trade policy the following day. Commercial ties between Washington and Beijing deteriorated under outgoing president Donald Trump, who launched a trade war against China that was partially resolved with an agreement struck early last year. With both his Democrats and the opposit…

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HEDGE accordingly