CNN pointed out that for several months, many American enterprises have been waiting for the resumption of these exemptions, so as to get some relief from the supply chain interference and rising inflation in the United States. These enterprises believe that the restoration of tariff exemptions is therefore crucial.
The New York Times pointed out that the Biden administration is under pressure from lawmakers and business circles to restart the tariff exemption procedure because these tariffs hurt American companies and consumers and put the United States at a competitive disadvantage.
Major business leaders expressed disappointment at the Biden administration's trade policy towards China and urged the United States to eliminate these tariffs on China and clarify economic exchanges between the world's largest economies.
At present, prices in the United States continue to rise and inflation is serious. The latest consumer price index (CPI) released in February increased by 7.9% year-on-year, a new high in 40 years. US Treasury Secretary Yellen pointed out last year that tariffs tend to push up domestic prices, and reducing tariffs will have the effect of "curbing domestic inflation in the United States".
Some American experts believe that the tariff exemption proves that China is crucial to the global supply chain of American enterprises and American consumers.
In response to the announcement that the United States will resume the exemption of 352 tariff increases on imports from China, Shu jueteng, spokesman of the Ministry of Commerce, said on the 24th:
"This is conducive to the normal trade of relevant products. Under the current situation of rising inflation and challenges to the global economic recovery, we hope that the United States will, in the fundamental interests of consumers and producers in China and the United States, cancel all tariffs imposed on China as soon as possible."