Biden outdoes Trump with ultra-high China tariffs
The move, which hits electric vehicles, carries an environmental cost
Just over six years ago, when Donald Trump first announced tariffs on Chinese goods, it was as if a bomb had gone off. American stocks fell sharply at the prospect of a trade war, businesses warned of blowback and economists lined up to decry the move. Such is the protectionist mood in Washington now that Joe Biden’s announcement of new measures has been met with rather less panic—even though it concerns significantly higher tariffs.
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This article appeared in the Finance & economics section of the print edition under the headline “100% trouble”
Finance & economics May 18th 2024
- America is in the midst of an extraordinary startup boom
- Biden outdoes Trump with ultra-high China tariffs
- How Jim Simons revolutionised investing
- Joe Biden, master oil trader
- Narendra Modi’s flagship growth scheme is off to a sluggish start
- The property firm that could break China’s back
- Diego Maradona offers central bankers enduring lessons
From the May 18th 2024 edition
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