biden-dropping-china-tariffs-could-be-good-news-for-tech-stocks

Biden Dropping China Tariffs Could Be Good News for Tech Stocks

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July 5, 2022 6:36 am ET

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Workers at a port in Qingdao, in China’s eastern Shandong province, last month. AFP via Getty Images

If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation.

The U.S. is considering dropping the levies started by Donald Trump in 2018. The main argument in favor is that it will relieve the pressure on U.S. consumer prices as gasoline prices hold at around $5 per gallon.

Biden Dropping China Tariffs Could Be Good News for Tech Stocks

If President Joe Biden rolls back tariffs on Chinese exports, it could have bigger implications than the impact on inflation.

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