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EDITORIAL. To fight against inflation, which is eating away at purchasing power, free trade and labor migration must be relaunched.
By Pierre Antoine Delhommais
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TAll the means are good to fight against inflation. Despite the extreme diplomatic tensions between Washington and Beijing, Joe Biden plans to lower the taxes on imports from China that his predecessor had put in place and that he himself has chosen to maintain since his arrival at the White House.
The stakes are not negligible when we know that the average 20% increase in customs tariffs decided in 2018 and 2019 by Donald Trump concerns nearly two thirds of Chinese imports into the United States and involves amounts of more than of 300 billion dollars. But the inflationary emergency now prevails over geopolitical considerations, which greatly weakens these protectionist barriers erected with the intention of penalizing exp…
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