Why doesn’t Biden repeal Trump’s tariffs?

Jonathan Chait: “Inflation is, by far, President Biden’s biggest problem. He is devouring the wage gains generated by the hot labor market and forcing the Federal Reserve to risk triggering a recession by raising interest rates. It is the main cause of its anemic approval ratings and the frighteningly high probability that a dangerously authoritarian Republican Party will win the 2024 elections. “

“There isn’t a button that Biden can push to make the whole problem go away. But there is a button he can press to make some of the problem go away. The mystery is why he didn’t push it. “

“That button serves to revoke the tariffs imposed by its predecessor, which were created by executive order and could be canceled in the same way.”

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