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Offline mystery-ak

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Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« on: June 06, 2022, 01:52:13 pm »
 June 5, 2022 3:41pm EDT
Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says

US imposed the tariffs under President Trump

By Anders Hagstrom | Fox News

President Joe Biden's administration is considering a drawdown of tariffs on Chinese goods in an effort to combat record-high inflation in the U.S.

Commerce Secretary Gina Raimondo confirmed the potential move on Sunday, saying Biden has personally asked her team to look into the issue. Inflation in the U.S. hit a 40-year high in March and is expected to escalate in the coming months.

Some of the tariffs, imposed by former President Donald Trump, affect household goods that could be purchased more cheaply from China. Raimondo previously praised some of Trump's tariffs on China as "very effective." 

"We are looking at it. In fact, the president has asked us on his team to analyze that. And so we are in the process of doing that for him and he will have to make that decision," Raimondo told CNN in an interview when asked about the issue.

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https://www.foxnews.com/politics/biden-relax-china-tariffs-ease-inflation

   

   
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Online Smokin Joe

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Re: Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« Reply #1 on: June 06, 2022, 02:02:26 pm »
Gee, Wally!

I'd bet if he could unflush the toilets Trump flushed, he'd do that, too.
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Offline Killer Clouds

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Re: Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« Reply #2 on: June 06, 2022, 06:35:28 pm »
This kind of crap just shows they really don't understand why inflation is out of control.
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Online Free Vulcan

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Re: Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« Reply #3 on: June 06, 2022, 06:49:43 pm »
A number of currencies including the yuan have dropped against the dollar, lowering prices of foreign made goods. Removing tariffs will add to that.

But it will only be a temporary fix if we don't stop the rise of underlying commodities, particularly crude and natural gas.
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Offline GtHawk

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Re: Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« Reply #4 on: June 06, 2022, 07:44:33 pm »
Quote from: Smokin Joe on June 06, 2022, 02:02:26 pm
Gee, Wally!

I'd bet if he could unflush the toilets Trump flushed, he'd do that, too.
He kind of has though, hasn't he? isn't this shit we're wallowing in now what Trump flushed? Only Brandon has thrown the sewage pumps into reverse too!
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Offline GtHawk

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Re: Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« Reply #5 on: June 06, 2022, 07:46:32 pm »
Quote from: Free Vulcan on June 06, 2022, 06:49:43 pm
A number of currencies including the yuan have dropped against the dollar, lowering prices of foreign made goods. Removing tariffs will add to that.

But it will only be a temporary fix if we don't stop the rise of underlying commodities, particularly crude and natural gas.
And has Buttjigger fixed that pesky supply chain issue so that it can be moved with all that high priced fuel?
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Offline mountaineer

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Re: Biden admin may relax China tariffs in bid to ease inflation, commerce secretary says
« Reply #6 on: June 13, 2022, 08:30:26 pm »
Raimondo is working hard for the American people - by which, of course, I mean herself.

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