US tariff review considers reductions and inflation, officials say

US tariff review considers reductions and inflation, officials say

Strong demand for consumer goods and other products in an American economy is still marked by an epidemic that led to a shortage of goods

Joe Biden is assessing concerns about lack of government goods I Inflation The White House chief economist said Friday while reviewing the commercial tariff policy.

Strong demand for consumer goods and other products in an American economy is still marked by the coronavirus epidemic, which has led to a shortage of commodities ranging from wood to computer chips.

According to the Peterson Institute for International Economics, the United States imposed an average duty of 19.3% on imports from China and 3% on imports from the rest of the world.

Asked whether lowering tariffs would help solve low supply and inflation, Cecilia Rouse, chairman of the White House board of economic advisors, told reporters at a press conference on Friday that “our trade representatives are all of these factors Looking at “.

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About the author: Sarah Gracie

Sarahis a reporter covering Amazon. She previously covered tech and transportation, and she broke stories on Uber's finances, self-driving car program, and cultural crisis. Before that, she covered cybersecurity in finance. Sarah's work has appeared in The Wall Street Journal, Bloomberg, Politico, and the Houston Chronicle.

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