Biden says door open to reversing Trump China tariffs amid inflation woes

[Valin]

The Washington Examiner

Katherine Doyle

May 11, 2022

President Joe Biden said the White House is actively reviewing whether to lift tariffs on Chinese goods as a tool to ease inflationary pressures as it searches for new ways to combat rising prices.

“We’re discussing that right now,” Biden said on whether he planned to lift tariffs on goods imported from China to reduce inflation. “We’re looking at what would have the most positive impacts.” He said a decision had not been made.

Speaking at the White House on Tuesday, Biden acknowledged that the public is losing patience. New consumer price data Wednesday are expected to show increased inflation through April.

“They’re frustrated,” Biden said of people contending with the spike in costs for gas and everyday goods. “I don’t blame them.”

Last week, the Biden administration initiated a legally required review of the tariffs that former President Donald Trump imposed on some $370 billion worth of Chinese goods under Section 301 of the Trade Act of 1974. Trump imposed the first wave of tariffs to pressure China to halt what officials described as the use of unfair trade practices and theft of U.S. intellectual property.

HAWLEY CALLS ON BIDEN TO KEEP TARIFFS ON CHINESE GOODS IN PLACE

(Snip)

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Something you have to say about old Slo Joe, he is consistent.  Consistently  Wrong, but consistent non the less.

[Valin]

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