OP-ED: Congress Needs to Deliver on Inflation and Tariffs
The Bulletin – ICLE Senior Scholar Eric Fruits published an op-ed in The Bulletin arguing that congressional efforts to lower the “de minimis trade threshold” would exacerbate inflation pressures that are already weighing on U.S. consumers. The full piece is available here.
As Congress faces the possibility of a worldwide recession, historic inflation, pandemic recovery and supply chain issues – they should avoid increasing tariffs at all costs. Although tariffs might seem like a helpful tool – often they cause real damage by stifling trade and raising the prices of imports. Oregonians, like most Americans, are trying to find ways to make ends meet and the last thing they need is for costs to go up and that is exactly what Congress is considering right now.