Business lobby presses Biden to nix China tariffs

Source: The Hill

“Business groups are aggressively lobbying President Biden to undo tariffs on hundreds of billions of dollars’ worth of Chinese imports, arguing that doing so would help ease inflation. They say that lifting those tariffs would lower the costs Americans pay for an array of common products, including clothing items, sunscreen, soap, furniture, appliances, bicycles and consumer electronics. Biden administration officials are divided over the issue, with some disputing the notion that tariff relief would significantly impact inflation, and labor unions with close ties to the president pushing the White House to keep the tariffs in place. Still, business lobbyists say that right now is their best chance yet to convince Biden to lessen or outright ax China tariffs first imposed by the Trump administration in 2018 and 2019.” (06/08/22)