Tai Says China Tariffs Will Stay for a While

U.S. Trade Representative Katherine Tai, in her first interview since taking office, said that she's hearing from stakeholders who say the additional tariffs on hundreds of billions of dollars worth of goods from China damages the economy, but she's not inclined to remove them without concessions from China. “No negotiator walks away from leverage, right?” she said. “I have heard people say, ‘Please just take these tariffs off,’” Tai told The Wall Street Journal. But “yanking off tariffs,” she warned, could harm the economy unless the change is “communicated in a way so that the actors in the economy can make adjustments.”