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Trump or Biden? Either way, U.S. seems poised to preserve heavy tariffs on imports

9 Comments
By PAUL WISEMAN

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9 Comments
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Remember the "free trade movement " ?

It's a pendulum that swings back and forth.

It's a cage fight between the economists and the populists.

Refereed by the isolationists.

Changes in technology and rerouting production have been issues since the invention of the "spinning jenny " at the start of the Industrial Revolution.

British re uptake of cotton and garment manufacturing sent India broke and into famine at this time.

I cant wait until the robots take over .

0 ( +2 / -2 )

businesses want lower costs, consumers want lower prices.

buckle up for more inflation.

the u.s. hasn’t prepared itself in raw material supply chain.

you are the one who pays tariffs, not china.

1 ( +3 / -2 )

After entering office, Biden retained many of Trump’s trade policies. He made no effort to revive Obama’s old Pacific Rim trade pact. He kept Trump’s steel and aluminum tariffs, while letting some trading partners avoid them until they reached a quota. He retained the China tariffs. Biden turned up the heat on Beijing by restricting its access to advanced computer chips and the equipment to make them.

More duopoly rope a dope as in the title.

Heard an old take that the President of the US is like the manager of McDonald's.

You rant and complain to them when you do not get good service. You can maybe get them fired and replaced.

But you will never talk to the owners. They will carry on with whatever policies maximize their gains without deigning to listen to how you may have been mistreated.

It is the American political economy today.

3 ( +4 / -1 )

Peter NeilToday 08:37 am JST

you are the one who pays tariffs, not china.

If tariffs didn't do anything to China there would not be whining about tariffs needing a response.

3 ( +3 / -0 )

More duopoly rope a dope as in the title. 

You sure?

Heard an old take that the President of the US is like the manager of McDonald's.

Kind of  

You rant and complain to them when you do not get good service. You can maybe get them fired and replaced. 

True.

But you will never talk to the owners. They will carry on with whatever policies maximize their gains without deigning to listen to how you may have been mistreated. 

That depends, if you have the guts to go after the owners, they might listen if you don't back down.

It is the American political economy today.

-4 ( +1 / -5 )

you are the one who pays tariffs, not china.

Consumers pay, govt earns more

-4 ( +0 / -4 )

american companies went to china decades ago and said build us everything so we can charge the same, but make more money.

china said, sure.

if you want to point fingers, point them at american company executives who sold out the american worker and manufacturers.

i remember very well when the 25% tariffs were enacted. i asked some people i knew who imported all their products how it impacted them. they laughed as they said they simply raised their prices 25%. best excuse they ever had to raise prices.

0 ( +1 / -1 )

Protectionist trade policies are toxic. They benefit nobody and cost people money. This is why I don't like politicians. They damage your lives. Might be an idea to appear on ballot papers as the 'None of the above' party.

Plus side, this is America. It's a big planet. The RotW can reciprocate on US tariffs and trade freely with each other. Cheaper stuff for everyone. Except Americans. Americans, blame the idiots running/ruining your country.

-2 ( +0 / -2 )

I do not like either of them, but how anyone can actually prefer Biden if it comes down to that choice is beyond me.

0 ( +0 / -0 )

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