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Administration officials insist tariff hikes aren’t inflationary -- unlike Trump’s plan

May 15, 2024 at 6:30 AM
The president and senior administration officials are taking pains to contrast their approach to Section 301 tariffs on Chinese goods with their predecessors’, knocking former President Trump’s proposed tariff increases as inflationary while maintaining their own approach won’t fuel U.S. price increases. The Biden administration published the results of its four-year review of the tariffs applied to imports of Chinese goods on Tuesday, leaving most of the tariffs that were imposed by Trump in place and raising tariffs on products...

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