US Commerce Secretary reviews how tariff exclusions could ease inflation

US Commerce Secretary Gina Raimondo said on Thursday the Biden administration was examining whether providing exclusions from tariffs inherited from the previous administration was a way to ease inflation.

“The president has asked me, has asked members of his cabinet, to look at every possible tool in our toolbox to deal with inflation and go industry by industry to figure out how we can ease the pressure”, said Raimondo.

“We are looking carefully to see if it would make sense to provide any exclusions from tariffs to bring down prices”, he added.

The news did not get any major attention but may join the latest positive development on the Ukraine-Russia talks to help improve sentiment.