Last week, President Biden placed tariffs on a slew of Chinese goods. When Donald Trump was president, he did the same. Regardless of who wins the election, the US is gearing up for heavy tariffs on imports in 2024. But this is far from the first time the economic tool has been in style.
Today, a brief history of US tariffs: how they came into fashion, fell out of fashion, are now back again and why economists aren't too happy about it.
President Biden is keeping the tariffs on Chinese imports put in place by his predecessor and 2024 opponent, former President Donald Trump. And he's adding new ones for things like electric vehicles.
The Biden administration is finally wrapping up its review of President Donald Trump's tariffs on Chinese imports. It will keep those tariffs, and add more on things like electric vehicles.
The Commerce Department says solar panel makers in four Southeast Asian countries are evading U.S. duties on Chinese solar components. The finding could raise costs in the United States.
Dan Digre makes loudspeakers in Minnesota. But he's importing more of them from China than he used to, thanks to unintended consequences from Trump-era tariffs that President Biden has kept in place.
