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When tariffs increase, costs often go up for business owners, who often then pass some of those increased costs along to consumers.
As the Biden administration proposes tripling duties, experts recall how previous tariffs mainly hit American consumers and industries.
The administration says the electronics could transmit sensitive information about U.S citizens and infrastructure. But it’s also worried about the impact of Chinese EVs on U.S. automakers.
At the annual meeting of right-wing thinkers, economic issues such as tariffs and government spending are expected to be discussed.
Recent research finds that higher tariffs on dirtier imports could reduce carbon emissions.
Remember those steel and aluminum tariffs that were supposed to target China but also pulled in Europe and Canada? Most of them still exist.
The tariffs placed on over $360 billion of Chinese goods is still a chief concern for Gretchen Blough of Erie, Pennsylvania.
The Biden administration hasn’t removed Trump’s tariffs on steel or aluminum — to the benefit of some U.S. manufacturers.
Lydia Clarke’s business struggled in the early days of the pandemic. Now, she says, “I know we can do it.”
Adam Posen agrees with the goals of boosting green energy and keeping China at bay. But he says protectionism won’t achieve them.