Why Isn’t Biden Repealing Trump’s Tariffs?

Jonathan Chait: “Inflation is, by far, President Biden’s gravest problem. It is eating up the wage gains thrown off by the hot labor market and forcing the Federal Reserve to risk triggering a recession by raising interest rates. It is the main cause of his anemic approval ratings and the terrifyingly high probability that a dangerously authoritarian Republican Party will win the 2024 election.”

“There isn’t a button Biden can push to make the whole problem go away. But there is a button he can push to make some of the problem go away. The mystery is why he hasn’t pushed it.”

“That button is to rescind the tariffs imposed by his predecessor, which were created by executive order, and could be reversed the same way.”