Washington [US], May 3 (ANI/Sputnik): The Biden administration is considering lowering the existing trade tariffs amid all other available tools to fight the galloping inflation in the United States, US Trade Representative Katherine Tai said during an event organized by the Milken Institute. "We need to be looking at our economic policy tools across the board. You want to look at tariffs? Sure, let's look at tariffs, but also let's look at monetary policy, fiscal policy. Let's look at tax policy. All of these tools you need to look at," Tai said on Monday when asked whether reducing tariffs can be a solution to taming inflation. "All tools are on the table."
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