Mr. Biden has left the Trump-era tariffs in place, though the trade policy office has launched a four-year review of the actions that could result in a rollback of the tariffs.’s abuses backfired on American consumers.
A study published this year by Trade Partnership Worldwide, which was cited in a Cato Institute report last month, found that the Trump-era duties resulted in more than $166 billion in annual direct tariff costs from 2018 to 2022. Those costs were most pronounced for U.S. imports of Chinese apparel, footwear, travel goods and furniture., but the policy did not result in any significant increase in domestic manufacturing.. That has forced companies to pass the additional costs from the tariffs on to consumers but has had little impact on Chinese producers.continued to surge. In 2018, the deficit reached a $418.2 billion high-water mark before dropping to $342.6 billion the year after the tariffs took effect.
Should be well past the “risk.” How about a done deal.
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