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China tensions force Biden to rethink tariffs - 'Taiwan changed everything!'

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Biden Administration Decreases Cost of Tariffs onChinese Importsunder Donald Trump in the face of skyrocketing inflation.

They are considering removing some tariffs and initiating new "Section 301" investigations as to where new tariffs may be required.

Some companies may need to be exempt from certain tariffs if they only get certain supplies from China.

The White House has said all options are still under consideration and none have been considered. It's about lowering inflation, and Democrats could lose control of Congress.

Tariffs on Chinese imports make them more expensive for US producers and pass the cost on to US consumers.

Joe Biden

Joe Biden Imports face new considerations (Image: Getty)

Joe Biden with Nancy Pelosi

Biden administration seeks to roll back tariffs introduced by Donald Trump (Image: Getty)

House Speaker Nancy Pelosi's controversial visit among some officials who don't want China's military stance to escalate while also avoiding being seen as backing down in the face of Beijing's invasion

After Pelosi's visit, China launched ballistic missile launches and mock attacks around the island for four days.

"I think Taiwan has changed everything," one source told Reuters.

Read more: China cannot afford war with Taiwan, experts say

Xi Jinping

Beijing begins military exercises following visit to Taiwan (Image: Getty )

Nancy Pelosi

Nancy Pelosi's Taiwan The visit raised concerns(Image: Getty)

White House spokesperson Saroni Sharma said:

``Nothing has been shelved or put on hold, all options are under consideration. We make decisions based on our interests.”

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Nancy Pelosi with President Tsai Ing-wen

Tsai Ing-wen of Taiwan The Führer and Nancy Pelosi (Image: Getty)

Commerce Secretary Gina Raimond says geopolitical storms lead to delays in decisions.

She said in an interview with Bloomberg TV:

"So the president is weighing his options. We want to make sure it doesn't either."