Team Biden says tariffs don’t raise prices — economists disagree

By Haisten Willis

Published May 15, 2024 2:40pm ET

U.S. Trade Representative Katherine Tai made the case for President Joe Biden’s new China tariffs on Wednesday, claiming that not only are they worth the trouble, but they will not cause prices to rise at all.

“First of all,” she said when asked if prices would jump the way they did following Donald Trump‘s tariffs, “I think that that link in terms of tariffs to prices has been largely debunked.”