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Former US ambassador says lifting tariffs on China could lower inflation Economy By Sydney Barrett Last updated Jun 20, 2022 Share Lifting tariffs on imported Chinese goods will reduce US inflation by 1% over time and restore confidence to the economy, which could help President Joe Biden at the ballot box, says former US Ambassador David Adelman. “Inflation will be the #1 issue in the US midterm elections in November,” Adelman told CNBC’s Squawk Box on Monday. “Although the president has limited ability to control inflation, there is an important tool in his toolbox,” said Adelman, who served as US...
