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Joe stays bought update
RaceBannon
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https://newsmax.com/newsfront/bipartisan-senators-biden-china/2022/05/27/id/1071840/
A bipartisan group of nine senators on Wednesday called on President Joe Biden to "substantially maintain" tariffs on Chinese imports that were put in place by former President Donald Trump, saying that "the tariffs are not a driver of today's inflation."
"Rolling back the tariffs on China would undermine the U.S. position in negotiations, expose many U.S. companies and workers to a sudden flood of imports, and signal to China that waiting out the United States is preferable to changing their non-market behavior or complying with the Phase One Agreement," the senators wrote, referring to a deal Trump made with Beijing.
During his recent trip to Asia, Biden said he’s mulling removing tariffs on Chinese goods, saying they “were imposed by the last administration, and they’re under consideration.”
"The sooner we get rid of those tariffs on the rest of the world, the better for us because consumers, customers pay those tariffs," Farrokh Langdana, professor of finance and economics at Rutgers Business School, told The National Desk.
The bipartisan group of senators said in their letter that "the tariffs are not a driver of today’s inflation."
"Not only do the tariffs predate the current inflation by over three years, but Chinese imports make up only 2 percent of goods included in the Consumer Price Index (CPI) and would not materially reduce inflation," it said.
Your elites who stole the election know better. Rutgers Bidness School man
A bipartisan group of nine senators on Wednesday called on President Joe Biden to "substantially maintain" tariffs on Chinese imports that were put in place by former President Donald Trump, saying that "the tariffs are not a driver of today's inflation."
"Rolling back the tariffs on China would undermine the U.S. position in negotiations, expose many U.S. companies and workers to a sudden flood of imports, and signal to China that waiting out the United States is preferable to changing their non-market behavior or complying with the Phase One Agreement," the senators wrote, referring to a deal Trump made with Beijing.
During his recent trip to Asia, Biden said he’s mulling removing tariffs on Chinese goods, saying they “were imposed by the last administration, and they’re under consideration.”
"The sooner we get rid of those tariffs on the rest of the world, the better for us because consumers, customers pay those tariffs," Farrokh Langdana, professor of finance and economics at Rutgers Business School, told The National Desk.
The bipartisan group of senators said in their letter that "the tariffs are not a driver of today’s inflation."
"Not only do the tariffs predate the current inflation by over three years, but Chinese imports make up only 2 percent of goods included in the Consumer Price Index (CPI) and would not materially reduce inflation," it said.
Your elites who stole the election know better. Rutgers Bidness School man
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