US President Biden is holding a meeting today to discuss a plan to lift tariffs imposed on certain goods imported from China. Although it’s being billed as “reversing” the Trump Administration’s tariffs, the reality is a little more complicated. For starters, the White House is discussing a series of plans that would lift tariffs on certain goods, but not others. And including other aspects into a deal with China that weren’t part of the “Trump tariffs”. The Trump Administration didn’t apply tariffs in one action, but over an increasing period. And then there was a deal to reduce tariffs in exchange for increasing ... (full story)