US Commerce Chief Says Lifting Tariffs on Goods May Make Sense

The video discusses the potential lifting of Trump-era tariffs to combat rising inflation, as suggested by US Commerce Chief Gina Raimondo. While some tariffs on steel and aluminum remain for national security, others on household goods might be lifted. Bloomberg's Jean Chen provides insights into the ongoing discussions and challenges, including conflicting views among US officials and the impact of COVID lockdowns in China. The Biden administration faces the challenge of balancing inflation control with trade negotiations.

What conflicting views exist among senior administration officials regarding the lifting of tariffs?

According to one study, what impact could eliminating certain duties have on the inflation rate?