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The Story Behind Biden’s New Tariffs
Manage episode 418402723 series 239
This week, President Biden announced major new tariffs on $18 billion worth of imports from China. The goods that will be affected include batteries, steel, aluminum, and semiconductors. Tariffs on electric vehicles will go up from
25 percent to 100 percent. These new tariffs signal a reversal from Biden’s messaging on tariffs during the 2020 campaign, and also a reversal of a decades-long consensus in Washington that lower tariffs are better for the American economy. To understand how we got here, Micah spoke with Gordon Hanson, an economist and a co-director of the Reimagining the Economy Project at Harvard University’s Kennedy School.
Further reading:
- Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United States
- Washington’s New Trade Consensus
On the Media is supported by listeners like you. Support OTM by donating today (https://pledge.wnyc.org/support/otm). Follow our show on Instagram, Twitter and Facebook @onthemedia, and share your thoughts with us by emailing onthemedia@wnyc.org.
1043 episodes
Manage episode 418402723 series 239
This week, President Biden announced major new tariffs on $18 billion worth of imports from China. The goods that will be affected include batteries, steel, aluminum, and semiconductors. Tariffs on electric vehicles will go up from
25 percent to 100 percent. These new tariffs signal a reversal from Biden’s messaging on tariffs during the 2020 campaign, and also a reversal of a decades-long consensus in Washington that lower tariffs are better for the American economy. To understand how we got here, Micah spoke with Gordon Hanson, an economist and a co-director of the Reimagining the Economy Project at Harvard University’s Kennedy School.
Further reading:
- Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United States
- Washington’s New Trade Consensus
On the Media is supported by listeners like you. Support OTM by donating today (https://pledge.wnyc.org/support/otm). Follow our show on Instagram, Twitter and Facebook @onthemedia, and share your thoughts with us by emailing onthemedia@wnyc.org.
1043 episodes
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