New York Times: “In separate but overlapping efforts, former President Donald J. Trump and President Biden have sought to revive and protect American factories by making it more expensive to buy Chinese goods. They have taxed imports in legacy industries that were hollowed out over the last quarter-century, like clothes and appliances, and newer ones that are struggling to grow amid global competition with China, like solar panels.”
“Mr. Biden’s decision on Tuesday to codify and escalate tariffs imposed by Mr. Trump made clear that the United States has closed out a decades-long era that embraced trade with China and prized the gains of lower-cost products over the loss of geographically concentrated manufacturing jobs. A single tariff rate embodies that closure: a 100 percent tax on Chinese electric vehicles, which start at less than $10,000 each and have surged into showrooms around the world, but have struggled to crack government barriers to the U.S. market.”
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