Economics
Biden Will Get Little Inflation Relief If He Eases China Tariffs
- Decision on Trump-era levies could come as soon as this week
- Move also carries political risks for Democrats in midterms
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A move by President Joe Biden to remove tariffs on Chinese consumer goods will do little to dent inflation, economists say, and risks further hamstringing Democratic candidates in political battlegrounds.
Biden is weighing a decision to remove some of the tariffs on more than $300 billion in Chinese imports imposed by his predecessor, Donald Trump, according to people familiar with the deliberations, as his administration desperately tries to curb fast-rising US prices.