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 * Politics


BIDEN OFFICIALS DIVIDED OVER EASING CHINA TARIFFS TO SLOW INFLATION


TREASURY SECRETARY JANET YELLEN FAVORS MOVE, WHILE TRADE REPRESENTATIVE
KATHERINE TAI IS CONCERNED ABOUT CEDING LEVERAGE

Wall Street Is Betting Inflation Is Here to Stay. Here’s Why.
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Wall Street Is Betting Inflation Is Here to Stay. Here’s Why.Play video: Wall
Street Is Betting Inflation Is Here to Stay. Here’s Why.

U.S. markets indicate investors expect inflation to abate from its current
40-year high, but its decline will be slower than previously thought. WSJ’s Dion
Rabouin explains why and what that could mean for Americans. Image: Spencer
Platt/Getty Images
By
Andrew Duehren ,
Yuka Hayashi and
Alex Leary
May 3, 2022 3:18 pm ET

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WASHINGTON—The Biden administration is split on whether to pare back tariffs on
imports from China in an effort to cut consumer costs and reduce inflation, as
the White House gives renewed consideration to a step that has divided
officials.

On one side of the debate within the administration are Treasury Secretary Janet
Yellen and Commerce Secretary Gina Raimondo, who favor easing the tariffs on
some of the roughly $360 billion annually of Chinese imports put in place under
the Trump administration, according to people familiar with the matter.

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