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
White House Economic Advisory Board chair Cecilia Rouse said trade representatives are looking at supply and inflationary factors (Lia Millis / Reuters).
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 “.
A spokesman for United States Trade Representative Katherine Tai did not respond to a request for comment.
Consequently, strong demand for goods and high prices are among the factors that fuel fears about inflation.
The United States is the world’s largest importer of goods with a purchase of approximately $ 2.5 trillion in 2019, and any reduction in tariffs to reduce shortages and high prices could have a wide impact.
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