I’m excited to see how these Biden tariffs are going to help US manufacturers win bigley but Trumps old tariffs and newly proposed tariffs if re-elected would have been so bad and potentially lead to the end of democracy.
Here’s some key points to ponder:
Here’s some key points to ponder:
- President Joe Biden plans to impose a 100% tariff on Chinese electric vehicle imports, a 50% tariff on Chinese solar cells and a 25% tariff on certain Chinese steel and aluminum imports.
- The announcement comes after weeks of White House officials warning Beijing to amend certain trade practices that the Washington argues have weakened global supply chains.
- Administration officials predicted that these tariffs will have "no inflationary impact."