Why Biden hasn’t killed Trump’s China tariffs and made imports cheaper

“Tariffs are sticky,” said Craig Allen, president of the US-China Business Council. “They’re easy to put up and really hard to bring down.” Whatever inflation benefit the president might realize from tariff cuts would not be costless. Before he can act, Biden must referee a split among his advisers that is tied to broader questions about the administration’s strategy for addressing the competitive threat from China.