Biden faces growing pressure to nix Trump's tariffs on China as inflation keeps raging
Economists argue removing tariffs would yield relief for Americans during a punishing stretch of inflation.
"There are things we can do and one of them is certainly lowering tariffs," Kimberly Clausing, an economics professor at the University of California Los Angeles and former senior tax advisor to the Biden administration, said in an interview. "Even if it is a small effect, it's an effect in the right direction and it's worth doing."
published in The Virginian Pilot, calling them"direct taxes on American households" and urging they get rolled back.Eliminating many of the tariffs would likely yield a financial boost to increasingly cash-strapped households.
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