Biden Continues Trump’s Harmful Trade Policy

Source: National Review
by Noah C Gould

“[I]n the month of August, the federal government collected $7.6 billion in tariffs — a higher monthly total than any month of the Trump administration. If Trump’s policies were damaging, this administration is on the right track to solidify and extend that legacy. We shouldn’t be surprised. Trade wars create a deadly cycle of market distortion. Tariffs are followed by retaliatory tariffs, followed by subsidies to help domestic industry harmed by the tariffs. Further, tariffs persist long after they are implemented despite efforts to remove them. Tariff policies under Trump and Biden provide a case study against their widespread use.” (10/11/21)