WASHINGTON: The cost of US tariffs on China has far exceeded any benefits derived from them, so the incoming administration in Washington should roll them back, a major American business group said on Monday as the United States’ trade chief advised President-elect Joe Biden to retain the punitive measures on China.
US Trade Representative Robert Lighthizer, architect of the tariff policy that he claims has benefited American workers, said in an interview with The Wall Street Journal, “We transformed the way people think about trade, and we transformed the way the models are. My hope is that that will continue.”