Ex-Trump adviser calls for lifting Trump tariffs on China [CNN]
International Business Machines Corporation (IBM)
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Source: CNN
"These tariffs are adding to the cost of many goods that US consumers are buying," Cohn told CNN. Cohn, now vice chairman at IBM , is a vocal advocate of free trade and frequently clashed with Trump officials who favored tariffs. "Overall, some of the tariffs make sense. But a lot of the tariffs just act as a consumption tax," he said. For months , Biden has been debating whether to roll back some Trump tariffs to combat the worst inflation in America in four decades. Some major business groups are urging Biden to lift tariffs, while union officials are warning against that. No decision has been made. Cohn, a former top executive at Goldman Sachs, announced his departure from the Trump administration in March 2018 after Trump vowed to impose steel and aluminum tariffs. "There's a variety of views on trade. My view on trade is pretty simple. If we manufacture something here in the United States, we should protect our manufacturers," Cohn told CNN. "If we don't manufacture
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