U.S. Chamber: New tariffs on China possible

The U.S. could impose new tariffs on Chinese goods if current trade talks with the country break down and the U.S. conducts a new trade investigation, according to the U.S. Chamber of Commerce. The Biden administration is considering a range of options, said Myron Brilliant, the Chamber’s head of international affairs. Reuters reported another option would be for the U.S. to work with allies such as the EU to present a united front to China to level the playing field. Brilliant said any action against China would need to be done with allies to be successful. China fell short of its purchase commitments under the Phase 1 trade deal.