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Transcripts For BBCNEWS World Business Report 20240707



a possible reprieve on tariffs. united states presidentjoe biden says his administration could drop the trump era tariffs on china. that comment from mr biden comes against the backdrop of surging inflation in the us. in remarks at the white house on tuesday, mr biden also blamed the rising cost of living on pandemic disruptions and the war in ukraine. our north america business correspondent michelle fleury has more. the latest inflation reading is due out this wednesday, economists predict it will show rising prices remain entrenched, for americans filling up this tank this will come as no surprise, the average price of a gallon of petrol at an all time high, rising inflation notjust an economic challenge, also a political one. president popularity has taken a hit over this issue told americans felt their pain though he blamed the war in ukraine and the pandemic for soaring prices. i war in ukraine and the pandemic for soaring prices. for soaring prices. i want every ....

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