Biden Tariffs: Effective Indu. Policy

The Biden administration’s recent action to raise tariffs on strategic goods imported from China has raised both praise and sharp critiques. Most critiques fall into two categories, with some lamenting the tariffs as an affront to the supposed free-trade ethos of the past, arguing that tariffs would lead to higher inflation or higher prices, or both. Others have noted the apparent contradiction between the administration’s push to address the climate crisis by accelerating a green transition to cleaner technologies and the potentially slower deployment that comes with higher costs. Read Full Article »