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2024-05-22 10:03:08

The Impact of Protectionist Trade Policies on Average North Carolinians: Where is the Voice of the Consumer? on Nostr: US Trade Policy Likely to Maintain Heavy Tariffs on Imports Under Biden and Trump ...

US Trade Policy Likely to Maintain Heavy Tariffs on Imports Under Biden and Trump
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#4b8f3bd9 ver:0.69

Both Biden and Trump administrations are expected to maintain heavy tariffs on imports, reflecting a protectionist trade policy. Biden has largely preserved Trump's tariffs on steel, aluminum, and goods from China, and has even announced new tariffs on Chinese electric vehicles. The focus on tariffs is driven by the belief that imports, especially from China, have contributed to the loss of American manufacturing jobs. The US is unlikely to reverse its move towards protectionism, while China seeks to boost its economy through increased exports. #TradePolicy #Tariffs #Protectionism...

#newstr #UsTradePolicy #Tariffs #Imports #ManufacturingJobs #China #Protectionism

https://here.news/story/4b8f3bd9?ver=0.69
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