Posted on 06/05/2022 5:18:08 PM PDT by McGruff
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."
(Excerpt) Read more at foxnews.com ...
Bingo!.
Biden's announcement just didn't say whose inflation he is easing, or his people didn't bother to brief him. Tariffs are designed to protect domestic markets and Team Joe, as usual when it comes to U.S. interests, has it quite the opposite.
Of course the Bidenistas will open our markets to China, we have been conquered by China with the betrayal of our coastal mercantile class. One day we will get justice.
Will you update the HTML Sanbox with how you get Tweets to look right?
I guess that I could boot up my laptop and view the source code but I do 99% of commenting on my phone.
Many thanks.
Those tariffs benefit the industries...Farmers were one of the big benefactors.
They don’t know what inflation is. It is not the price increases on a few products. It’s the general rise of all prices because the money supply is too large. Freaking idiots.
This will be as useful as releasing oil from the SPR.
It won’t help.
“It’s a hidden tax on everything.”
I get that but the prices we are paying in the scheme of things is what matters.
Both contribute.
If gas was less than 2 bucks not sure we would notice inflation as much as we do.
Companies don't pay tariffs. Their customers do.
That won’t do jack
Yup. The left and Biden is owned by China.
Do we important oil from China? /s ..... Cuz that’s where the problem starts.
And printing fiat dollars.
Those photos of hunter with the underaged girls have really paid off for china
Do we important oil from China? /s ..... Cuz that’s where the problem starts.
And printing fiat dollars.
The madness continues
Tariffs raise revenue, decrease deficits, promotes US industry and employment. A lot of upside to tariffs. That is why the REST OF THE WORLD HAS THEM.
Make America Last Again
...says the “Big Guy”...
Biden surrenders - plain and simple.
-—Biden’s administration is considering a drawdown of tariffs——
Note to Isolationist trogdelytes:
The operative words in the headline and opening paragraph are “may and “are considering”. Further, “a drawdown” is stated.
At best, the pronouncement is wishy washy and actually says nothing.
Meanwhile, American and companies of other major nations are leaving China. The fact is, many have already picked up stakes and left.
However, they are moving operations to Vietnam, Indonesia and some say Mexico.
Life will go on
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