Ending tariffs would curb inflation — but why ignore the main benefits? ...Middle East

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Ending tariffs would curb inflation — but why ignore the main benefits?
The Biden administration is tying itself in knots as it tries to decide whether to reduce or eliminate tariffs to slow the rate of inflation.   Treasury Secretary Janet Yellen understands well the relationship between protectionism and inflation as recently explained by economists at the Peterson Institute for International Economics, so she favors cutting tariffs.    U.S. Trade Representative Katherine Tai prefers to keep the tariffs for leverage in hopes of eventually – albeit improbably – wringing concessions out of trading partners.  President Biden, reluctant to be seen as doing a favor for foreign countries, remains firmly in the undecided camp.   Yellen is right that ta

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