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 U.S. 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, a economic and finance think tank with members from regulators, academia and financial institutions.
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Republicans in the US Senate blocked creation of a bipartisan panel to investigate the deadly Jan. 6 attack on the US Capitol, displaying continuing party loyalty to former US president Donald Trump and firm determination to shift the political focus away from the violent insurrection by his Republican supporters.
The Senate vote on Friday was 54-35 six short of the 60 needed to take up a bill passed by the US House of Representatives that would have formed an independent 10-member commission evenly split between the two parties.
It came a day after emotional appeals for the commission from