The National Retail Federation (NRF) on Wednesday urged President Biden to reduce or eliminate tariffs on Chinese goods as a way to help combat red-hot inflation. The lobbying group claimed that lifting tariffs that were first imposed by the Trump administration could reduce consumer prices by as much as 1.3 percent. “Consumers and businesses continue to feel the pain of higher prices across the board from everyday goods and services to rent and groceries and gas,” NRF President Matthew Shay wrote in a letter to Biden. “Removing the harmful China 301 tariff will alleviate some of the inflationary pressure on the U.S. economy.” The NRF, which represents thousands of retailers, inc
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