SCOOP: The official voice of organized labor for trade policy has filed an official comment urging Biden not to lift Trump's China tariffs, which the president is considering as a way to help ease inflation.
President Biden is facing public pressure from America's leading unions on an issue that has divided his top advisers: extending former President Trump's China tariffs on approximately $300 billion worth of Chinese goods.The Biden administration is engaged in an intense internal debate on whether to waive some of the so-called Section 301 tariffs to help ease inflation — the top issue roiling Biden's presidency.with the Office of the U.S.
But fiddling with Trump's tariffs is one of the few dials the president has that can marginally affect the inflation rate, which currently sits at 8.3% and is clearly spooking Democrats heading into the midterms.Commerce Secretary Gina Raimondo said Sunday that it "may make sense" to lift some of Trump's China tariffs and mentioned specific products — like bicycles — that could be exempted.
to a "singular focus" on China tariffs, Tai said Monday, making her case for a "thoughtful, deliberate, strategic" approach to the U.S.-China trade relationship.With record-high gas prices reminding Americans every day that inflation is soaring, the White House is looking for ways to show voters it is serious about bringing down costs.
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