The chapter explores the rationale behind the Biden administration's decision to raise tariffs on specific goods from China, such as steel, aluminum, and electric vehicles, as a strategic trade tool. It discusses the impact of tariffs on US prices, emphasizing the complexities of international trade relations and the importance of not losing industries to foreign monopolies.
President Biden recently raised Trump-era tariffs, which could lead to even higher prices on Chinese imports. US Trade Representative Katherine Tai explains the Biden administration’s approach to trade with China, and Vox’s Dylan Matthews helps make sense of the changes.
This episode was produced by Miles Bryan with help from Victoria Chamberlin, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Patrick Boyd, and hosted by Noel King.
Transcript at vox.com/today-explained-podcast
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