Summary
[The cancellation of the US tariffs on China will help reduce inflation and stabilize expectations]Gary Huffbauer, a senior researcher at the Peterson Institute for International Economics, a US think tank, said that the US is currently facing high inflationary pressure, and the US government should reduce or exempt exports to China. The tariffs imposed on U.S. products will take all possible measures to reduce inflation and stabilize inflation expectations. A policy brief written by Huffbauer believes that if the Trump administration’s tariffs on Chinese products exported to the United States and steel tariffs are cancelled, the US CPI can be reduced by about 1.3 percentage points. Given the current political situation, it is expected that it will be difficult for the Biden administration to cancel or reduce the additional tariffs imposed on Chinese imports under Trump before the midterm elections. Huffbauer, however, was “very encouraged” by Dalip Singh’s remarks about cutting tariffs. (Xinhua News Agency)
Gary Huffbauer, a senior fellow at the Peterson Institute for International Economics, an American think tank, said that the United States is currently facingQualcommIn view of the inflationary pressure, the U.S. government should reduce or exempt additional tariffs on Chinese products exported to the U.S., and take all possible measures to reduce inflation and stabilize inflation expectations.A policy brief written by Huffbauer believes that if the Trump administration’s tariffs on Chinese products exported to the United States and steel tariffs are eliminated, the United States can reduce the cost of the United States.CPIabout 1.3 percentage points. Given the current political situation, it is expected that it will be difficult for the Biden administration to cancel or reduce the additional tariffs imposed on Chinese imports under Trump before the midterm elections. Huffbauer, however, was “very encouraged” by Dalip Singh’s remarks about cutting tariffs.
(Article source: Xinhua News Agency)