News

# U.S. manufacturers blame Trump-era tariffs for inflation’s rise

#
U.S. manufacturers blame Trump-era tariffs for inflation’s rise

Companies appeal to Biden administration to roll back the tariffs

WASHINGTON — Economists and policy makers are debating whether stimulus spending and easy monetary policy are fueling inflation. Many businesses say there is another culprit that should share the blame: import tariffs.

The Trump administration implemented tariffs on products including lumber, steel and semiconductors to shield American companies from a glut of cheap imported products from China and other countries.

From the archives (December 2019): Fed study finds Trump tariffs backfired

Capitol Report (August 2019): Trump raises China tariffs in escalation of trade war

The tariffs have long been opposed by U.S. companies that import the goods and pay the levies. They are making a new push for the Biden administration to lift them, on grounds that tariffs contribute to rising prices and product shortages that are accompanying the post-pandemic recovery.

From the archives (December 2020): Biden signals intent to keep Trump tariffs on China as leverage against ‘abusive’ trade practices

An expanded version of this report appears at WSJ.com.

Trending at WSJ.com:

Suddenly wealthy from markets, some millennials are stressed

Full-time residents flock to Jersey Shore

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

For forums sites go to Forum.BuradaBiliyorum.Com

If you want to read more News articles, you can visit our News category.

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close

Please allow ads on our site

Please consider supporting us by disabling your ad blocker!