Desperate Inflation-Plagued Biden Considering Revoking Trump Tariffs On Chinese Goods

Desperate Inflation-Plagued Biden Considering Revoking Trump Tariffs On Chinese Goods


President Biden, desperate to reduce prices in the midst of raging inflation on his watch, is reportedly considering lifting the tariffs President Trump put in place on some Chinese goods.

In August 2017, the Office of the United States Trade Representative (USTR) started an investigation into some reported unreasonable or discriminatory trade practices implemented by China. In March 2018, the Trump Administration stated that there were indeed practices that were unreasonable or discriminatory, then imposed additional tariffs.

Biden is leaning toward ordering the Office of the U.S. Trade Representative to run a formal ‘exclusions process’ to determine if some consumer items, such as bicycles, should be exempted from the Section 301 tariffs,” Axios reported. “He is less likely to include big industrial items, like steel and aluminum,

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