The Biden White House has signaled that the president may lift many, if not all, of the tariffs imposed against China by former President Donald Trump. The rationale for Biden’s decision is to help American consumers by reducing today’s raging inflation.
The net effect is likely to be minimal: today’s supercharged inflation doesn’t result from our China trade but, rather, from years of profligate Federal Reserve monetary policy plus unsustainable fiscal policies by Republican and Democratic administrations, including Congress, that ballooned our national debt.
On July 7, 2022, the Wall Street Journal published three articles concerning China. Max Colchester’s front-page story announced that the “FBI Warns of China Tech Spies.” Page A2 featured a column by Greg Ip explaining that “Gridlock Hamstrings U.S. on China.” Meanwhile, on A17’s Opinion page, Maurice R. Greenberg, the Chairman and CEO of C.V. Starr & Co. and former AIG Chairman and CEO, presented a new group of CEOs and policy experts who “Want to Rebuild U.S.-China Relations.”
Talk about a disconnect!
China is the nation whose Communist Party dictatorship gave us the coronavirus that has now killed over six million people worldwide, including over a million Americans. Its leaders still refuse to come clean about China’s