IMF: Biden needs to review trade restrictions

According to a report published on July 1 by the International Monetary Fund (IMF), the Biden administration should cancel the tariffs imposed by the Trump administration on imported steel and aluminum, solar panels and a number of goods imported from China.

The IMF said in this report that the Buy American regulation, which was introduced by the previous administration, must be strengthened and tightly controlled to be in line with US international obligations. This policy should be reviewed, including lower trade restrictions and additional tariffs.

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