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President Trump’s 25% tariff on $250 billion worth of Chinese goods will be lifted on 28 February, marking a significant step in the ongoing trade war between the two economic giants.

The tariffs, imposed in 2018, have affected a wide range of goods, including furniture, bedding products, and lamps, among others.

Trump’s administration had imposed the tariffs in an attempt to reduce the U.S. trade deficit with China and to protect American jobs from what it called unfair competition from Chinese companies.

However, the tariffs have also been blamed for raising prices for consumers and businesses in the U.S., and they have sparked retaliation from China, which imposed tariffs on U.S. goods in response.

The move to remove the tariffs is part of an effort by the Biden administration to improve relations with China and to cooperate on issues of mutual interest, such as climate change and nuclear proliferation.

It also comes ahead of the 2024 presidential election, in which Trump is expected to run again. Trump has frequently attacked Biden for his handling of the economy, and he is likely to campaign on a platform of reducing taxes and regulations and creating jobs.

The removal of the tariffs could help to boost the U.S. economy and to create jobs, but it could also lead to higher prices for consumers and businesses in the short term.

The tariffs have been a major point of contention between the U.S. and China, and their removal could be a significant step towards improving relations between the two countries.

However, the two countries also have other outstanding issues to resolve, such as China’s human rights record and its military activities in the South China Sea.

The Biden administration has said that it is committed to working with China on issues of mutual interest, but it will also stand up for U.S. interests.

It remains to be seen what impact the removal of the tariffs will have on the U.S., China, and the global economy in the long term.