US President Joe Biden announced, “I will speak with Chinese President Xi Jinping soon,” noting that “I am working on a tariff decision on China.”

On June 10, US Treasury Secretary Janet Yellen announced that the US administration is seeking to “rewrite” tariffs imposed on Chinese goods under former US President Donald Trump and make them more “strategic”, according to Bloomberg.

“The administration has inherited a set of 301 tariffs imposed by the Trump administration that I believe were not designed to serve our strategic interests,” she said during a speech at the Capitol, referring to section 301 of the 1974 Commerce Act, which Trump China, and began imposing customs tariffs on it in July 2018, after an investigation found that China had stolen intellectual property from US companies and forced them to transfer technology.

Yellen said that despite China’s “violations of unfair trade practices that the United States must fight and protect its national security interests,” some of the current tariffs have hurt American consumers and businesses.

In addition to economic problems between the two countries, the United States criticizes Beijing for interfering in Taiwan, which China considers part of its territory, and Washington criticizes China for not condemning the Russian military operation in Ukraine.