Commentary
Reversing Trump-era tariffs on China appears to be inevitable.
With year-on-year inflation at 8.6 percent, the Biden administration is trying to find solutions to the problem. An ongoing effort that has failed to dent the inflation numbers has been the tapping of the strategic petroleum reserve aimed at depressing the price of oil. The next big push appears to be associated with rescinding tariffs imposed on China by the Trump administration.
In an interview on ABC’s news program “This Week,” Treasury Secretary Janet Yellen confirmed recent news reports that “President Biden is considering reversing some of the Trump-era tariffs on China to combat skyrocketing inflation.”…