Biden faces growing pressure to nix Trump's tariffs on China as inflation keeps raging
Economists argue removing tariffs would yield relief for Americans during a punishing stretch of inflation.
"There are things we can do and one of them is certainly lowering tariffs," Kimberly Clausing, an economics professor at the University of California Los Angeles and former senior tax advisor to the Biden administration, said in an interview. "Even if it is a small effect, it's an effect in the right direction and it's worth doing."
published in The Virginian Pilot, calling them"direct taxes on American households" and urging they get rolled back.Eliminating many of the tariffs would likely yield a financial boost to increasingly cash-strapped households.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
GOP hammers Biden for allowing emergency oil reserves to go to China: 'compromising our energy security'Multiple House Republican leaders slammed the Biden administration Thursday after reports showed that emergency oil supplies have been sent to nations including China.
Baca lebih lajut »
House Dem Urges Biden to Fire Trump-Picked IRS Chief Over 'Titanic' Audit Scandal'If you think the audit of Donald Trump's purported enemies was a random act of God, then I have a bridge in North Jersey I'd like to sell you,' said Rep. Bill Pascrell.
Baca lebih lajut »
Wall Street elites miss Trump, hope Biden does not run in 2024: NYC restaurateurSan Pietro restaurant owner Gerardo Bruno says he's seeing an uptick in staffing, but inflation is squeezing his margins and crime is stifling business.
Baca lebih lajut »
Trump 'terrified' as walls 'closing in' with Cipollone hearing: Mary Trump'The amount of evidence that we've seen coming out of these committee hearings is overwhelming,' Mary Trump said Saturday of the January 6 panel.
Baca lebih lajut »