The US “Wall Street Journal” website recently published an article that many US companies believe that the US government’s previous tariffs on imported goods have pushed up US inflation and called on the Biden government to abolish these tariffs.
According to the report, the Trump administration imposes additional tariffs on imported timber, steel, semiconductors and other products, but American companies that import these goods and pay related tariffs have long opposed the levying of these tariffs on the grounds that the U.S. economy is in the recovery phase after the new crown epidemic. , These tariffs have caused prices to rise and product shortages.
According to the report, more than 300 US manufacturers have recently jointly sent a letter to Biden, requesting the immediate termination of tariffs on imported steel and aluminum products. In addition, a bipartisan group of 40 U.S. senators asked the Biden administration to restart a procedure in April to exempt more than 2,000 imported goods from tariffs.
According to the report, Cecilia Routh, chairman of the White House Council of Economic Advisers, said recently that the Office of the United States Trade Representative is studying whether measures such as easing tariffs can alleviate the shortage of timber and other products.
According to data released by the US Department of Commerce recently, the US core personal consumption expenditure price index excluding food and energy increased by 3.1% year-on-year in April, the largest year-on-year increase since July 1992, far exceeding the Fed’s 2% inflation target, indicating US inflation The pressure has risen sharply.