The end of Made in China?
Today, Explained
Tariffs and Trade: A New Era
This chapter examines the Biden administration's decision to raise tariffs on selected Chinese imports and its implications for the U.S. economy. It explores the emotional and dramatic shift in the tariff discussion, linking their use to both strategic and punitive purposes, particularly regarding technology transfer issues. The chapter further highlights the complexities of consumer pricing and the necessity to evolve from reliance on cheap foreign goods to foster sustainable domestic manufacturing.
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