News Snapshot:
The White House is debating whether to roll back some of the Trump -era tariffs imposed on roughly $350 billion of Chinese goods. It’s one prong of an attempt at curbing decades-high inflation , but it comes with hard tradeoffs. Analysts at the Peterson Institute for International Economics estimate that removing the China tariffs could eventually lead to a 1% reduction in inflation —admittedly not a solution to the 8.6% rise in the consumer price index, but still a notable dent. Former White House economic adviser Jason Furman has said it would be “ the biggest step ” US president...