Biden exempting big money products from China Tariffs

Last week the Biden administration announced that the president will exempt certian medical equipment from coming under US tariffs placed on China because of their unfair business practices and currency manipulation.

Among the products that have been exempt during the pandemic and which China and Chinese firms have made hundreds of millions of dollars on were face masks, surgical gloves, and other medical devices to be sold in the US market to protect against what some have labeled the China virus since it originated in China.

 

 

 

For instance, in 2020, the U.S. imported nearly $300 million worth of hospital and sanitary supplies made of paper — about 51 percent of which was made in China. Likewise, in 2020, the U.S. imported $470 million worth of rubber surgical gloves. More than 70 percent of those gloves arrived from Thailand and Malaysia while over 15 percent were imported from China.

Also in 2020, the U.S. imported over $7 million worth of clothing and accessories made of paper, including paper face masks that were used in the midst of the pandemic and continue to be used by medical professionals in hospital settings. Nearly 60 percent of those imports were made in China.

While president Biden has “talked” big on China his actions have been soft when it comes to big money. He has been criticized for not keeping the tariffs and switching to American firms to make needed medical supplies.

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