Biden Weighs Tariff Cuts to Fight High Inflation

President Joe Biden said he and his advisers are weighing whether to cut U.S. tariffs on foreign imports to try to fight inflation.

“We’re discussing that right now,” he told reporters May 10 after a speech on rising prices at the White House. “We’re looking at what would have the most positive impact.”

The president added that no decision has yet been made on how to proceed.

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