Commerce Secretary Gina Raimondo said on July 11 that removing Trump-era tariffs on Chinese goods would not cool down inflation “in a very significant way,” highlighting the difficulties as the White House seeks to tame historic price rises in the country.
Still, the senior official administration suggested her support for the move, saying it could make a difference for consumers.
“Lifting tariffs isn’t going to bring down top-line inflation in a very significant way,” Raimondo said in an interview with NBC’s “Meet the Press.” “What it will do potentially is help consumers on certain household goods. And so for that reason, given where inflation is, I think it could make sense to do it….
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