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Biden doubling down on tariffs
May 25, 2024
President Biden's tariffs on Chinese goods, Chuck E. Cheese's animatronic bands, an adults-only library in Idaho, matching student loan payments with 401(k) contributions, and 'quiet vacationing' among younger workers. Also, Orca whales sinking yachts, restaurant reservation resale, and the impact of expired tariff exemptions.
25:34
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Quick takeaways
- President Biden is reimposing tariffs on Chinese goods inherited from Trump, signaling a commitment to protect American industries.
- Donnelly Public Library transitions to adults-only due to legislative constraints, showcasing challenges faced by smaller libraries in complying with laws.
Deep dives
The Changing Landscape of Tariffs
President Biden announced the reimposition of tariffs on Chinese goods, continuing the policy set during the Trump era. These tariffs aim to protect American manufacturing and strategic sectors, despite earlier campaign promises to remove them. The expiration of exclusions granted by the Commerce Department under Trump allowed these tariffs to come into effect, highlighting the administration's firm stance on trade measures.
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