U.S. stocks fall as inflation and energy prices weigh on growth
CBSMAY 2022
US, China Discuss Economic Challenges as Biden Reportedly Weighs Tariff Cuts
Image copyright: Reuters [via Daily Caller]
The Spin
Left narrative
The tariffs against Chinese goods were unnecessary when Trump implemented them, and now that inflation is getting out of control, Biden should seriously consider lifting them. The US has gained nothing from sticking to Trump's policy, and lifting the tariffs could help offset the worsening economic situation.
Right narrative
Polls show that the American people have no particular interest in lifting tariffs on China and aren't clamoring for Biden to make such a move. Supply chain issues are a result of China's zero-COVID policy, and the US shouldn't lift tariffs without China making serious concessions.