August 8, 2022

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Free Trade Can Fight Inflation

1 min read

By Jake Auchincloss and Stephanie Murphy

To fight inflation, President Biden should repeal or reduce Trump-era tariffs. Economists across the political spectrum agree that trade lowers prices and expands choice for consumers, and trade deals open markets for American businesses. Smart trading pacts forge deeper ties with allies, and they serve as a counterweight to Beijing’s aggressive efforts to buy global influence.

That’s why the Trump tariffs should go. And instead of being defensive about the decision, the Biden administration—and both parties in Congress—should pivot toward an unapologetically pro-trade agenda.

2022-08-01 18:41:00

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