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.
- 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.