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US Trade Policy: Bipartisan Support for Protectionism Against China

Both Trump and Biden administrations maintain tariffs and trade barriers, reflecting a shift in economic strategy focused on national security and domestic manufacturing.

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Former U.S. President Donald Trump speaks during the NRA ILA Leadership Forum at the National Rifle Association (NRA) Annual Meeting & Exhibits at the Kay Bailey Hutchison Convention Center on May 18, 2024 in Dallas, Texas. The National Rifle Association's annual meeting and exhibit runs through Sunday.

Overview

  • Trump and Biden both support tariffs, signaling a bipartisan move towards protectionism.
  • Experts warn that Trump's proposed tariffs could cost middle-class families $1,700 annually.
  • Biden's trade policies focus on targeted tariffs and subsidies to bolster US manufacturing and green technology.
  • Critics argue that protectionism could hurt consumers and slow economic growth.
  • National security concerns drive the current trade policies, especially regarding China.