President Biden took office last month and was tasked with bolstering an economy that has struggled with the devastating effects of the coronavirus pandemic for almost a year. With millions of people still unemployed due to the pandemic and businesses across the nation facing continued uncertainty, reestablishing a sense of economic security will be a daunting challenge.
As Biden and his team weigh their options and decide how best to proceed, they should prioritize lifting the tariffs that the last administration made central to its trade strategy. While the tariffs were intended to level the playing field, especially in trade with China, they have actually created complex and difficult problems for U.S. businesses and consumers, especially as they navigate the struggles posed by COVID-19.
