Racing To Increase Tariffs With The Heartland In Mind.
“No matter who wins the presidential election in November, American businesses can expect to pay more to import certain foreign-made goods.
Former President Donald Trump, who has referred to himself as a “Tariff Man,” has called for increasing tariffs on all imports.
Meanwhile, President Joe Biden – who has kept most of Trump’s tariffs in place for the past three-plus years – said Tuesday that his administration will increase tariffs on some Chinese-produced goods, including electric vehicles, semiconductors and steel.
The two presidential candidates are usually far apart on the issues, but a protectionist trade policy is where they find common ground. Tariffs can be politically popular, even though many economists agree they are costly tools that don’t always boost domestic industries as promised.
Still, there are major differences to note between Trump’s call for sweeping tariffs and Biden’s more targeted approach. Here’s what voters should know:
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The Blue Wall of Democratic states crumbled in the 2016 election and handed Donald Trump the election to the horror of Democrats everywhere. The Blue Wall was rebuilt somewhat for the 2020 election with Michigan and Wisconsin switching back to the Blue column. The 2024 election is anyone’s guess but neither party is taking anything for granted and both want to sew up as many voters as possible with Tariff appeals.
