White House Rethinks China Tariffs Amid Taiwan Turmoil

In the wake of China's military drills around Taiwan that followed House Speaker Nancy Pelosi's visit to the island, the Biden administration is rethinking its plans to modify tariffs on Chinese goods, according to a Reuters report that cites "sources familiar with the deliberations."  Biden has been eyeing reduced tariffs as a means of countering U.S. price inflation that remains near 40-year highs. At the same time, the administration has been considering the imposition of new tariffs. Now, however, both kinds of adjustments are getting…