On China tariffs, joebiden caught between rock and hard place
Biden has desperately sought to reverse rising prices, and some senior administration officials, including Treasury Secretary Janet Yellen, argue that lifting the Trump-era tariffs at this juncture could ease costs for consumers.reported Tuesday afternoon that Biden will only adjust $10 billion of imports out of the nearly $400 billion put in place by former President, which would only yield modest consumer relief.
Tai has also pushed to revisit the Trump administration's Phase One trade deal on the grounds that Beijing consistently fails to meet its deliverables, and her negotiations with her Chinese Communist Party counterparts are partially attributable to the 15.1% increase in China's exports to the United States over the first five months of the year.
Dozens of labor unions have also pressured Biden, a booster of organized labor, and the White House not to lift the tariffs, arguing that the policies protect U.S. manufacturing jobs.
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