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U.S. inflation soars in April to 13-year high, CPI shows
#40
https://www.wsj.com/articles/u-s-manufac...1622367001

Well I’ll be damned !!

“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.

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.”
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RE: U.S. inflation soars in April to 13-year high, CPI shows - by Cardfan1 - 05-30-2021, 01:44 PM

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