China Tariff Rollback Is Too Little, Too Late For Inflation Fight
Desperate times, desperate measures.
The Biden administration may soon announce targeted rollbacks of some US tariffs on Chinese goods as part of an increasingly desperate effort to curb inflation ahead of the midterm elections. A decision could come as early as this week, according to multiple media outlets.
The optics leave something to be desired. You could argue the tariffs were capricious and ineffective in the first place -- the cornerstone of a misguided, jingoistic economic agenda that
All roads lead to establishment of a long term plan for energy independence and a short term plan for enough of a resolution in Ukraine to bring down the price of oil.
Too bad the US does not have the leadership to make that happen.
well said !!
What would “a short term plan for enough of a resolution in Ukraine” tp bring down the price of oil look like, and how can a different leadership in the US make that happen?
It involves a reversal on our position on sanctions- which are helping Russia and harming the Western countries.
With the reversal of tariffs on Chinese products- this could happen.
Shutting down free trade in a specific corner of the world does not work- because commodities and products can easily be sold elsewhere if there is money to be made. Followed by a settlement with Russia on the geographic division of Ukraine with a financial commitment by the West to rebuild the portion of Ukraine that survives as Ukraine- which will be smaller, but stronger.
US independence in energy, food, chips pharmaceuticals and a few other key areas would be our best plan for national defense.
Then, if China (or others) grossly misbehaves, we can cut back on excessive purchases of less essential and non-essential products coming from authoritarian dictatorships that are misbehaving and/or trying to destroy our country.
You may be correct about some of this but last time I checked not only do a huge proportion of our pharmaceuticals come from China, but the chemicals used to make them are also sourced there. We are not even remotely independent in this area. I wouldn’t be shocked to find that at least some of our military uniforms are sourced in China, Vietnam, or other parts of the Far East.
Sorry answered too fast without reading that. As you can imagine, I strongly disagree with that… 🙂
Agreed on the long term plan. On the short term one, yes but with the caveat that we do not try to twist the arms of the Ukrainians into giving up territory to Russia.
We need to defeat Russia on the battlefield. The Ukrainians have shown willing in terms of paying the blood price. The least we can do is support them to victory.
Actually, I agree with supporting the Ukrainians- for a set period of time. The problem now is that we are not fully engaged with support- so, as a result this could end up dragging on and being another Afghanistan.
I think Russia is running out quite fast of military hardware and manpower. So it’s not a given that we don’t see meaningful ground evolution within a few months if Russia still insists on not declaring war and thus remains hampered in mobilizing.
Just my hope, though, I am no military expert.
And, obviously, it would be for the best if we provided enough equipment for Ukrainians to be able to turn the tide faster, no disagreement there… 🙂
H-Man, maybe to little to late but eliminating a tax on imported goods helps and Biden needs all the help he can get.
He and the Dems are toast, imho. Hopefully they right the ship by 2024… and/or Trump gets indicted. Though, I don’t know how that would pan out. He’s clearly guilty of enough stuff to warrant jailtime… but jailing politicians is a tricky business because it certainly looks bad if you’re on the opposite side of the aisle and prosecuting.
And R politicos would happily play both sides : relieved someone is dealing with Trump for them AND fanning the flames of their base’s rage.
Lock her up! Lock her up! Lock her up! USA! It didn’t sound like the right had any reservations about jailing politicians a few years ago. Karma is so cool.
They chanted it. They didn’t actually do it.
Apparently the Justice Department tried for two years but didn’t get the job done.
“Back in 2017, buoyed by President Donald Trump’s calls for investigations into “Crooked Hillary & the Dems,” the Justice Department launched an inquiry into Hillary Clinton and Republicans’ pet conspiracy theories about her and her career.” https://www.vanityfair.com/news/2020/01/hillary-clinton-justice-department-investigation-results
If tRump doesn’t go to jail, we are a banana republic and there are no rules for the next autocrat. Buckle up!