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Morning Wire

Biden’s China Tariffs & America’s Jobless Immigrants | 5.15.24

May 15, 2024
14:06
Snipd AI
President Biden imposes tariffs on Chinese goods, foreign-born population grows under Biden with high unemployment rate, college shifts funds to police from DEI initiatives, discussing economic impacts and immigration policies
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Podcast summary created with Snipd AI

Quick takeaways

  • Biden imposes tariffs on Chinese goods to boost national security and domestic manufacturing.
  • High unemployment among recent immigrants challenges perceived economic benefits of heavy immigration under Biden administration.

Deep dives

President Biden announces sweeping new tariffs on Chinese imports

President Biden recently announced sweeping new tariffs on Chinese imports, aimed at strengthening national security and American manufacturing. This move involves raising tariffs on $18 billion worth of Chinese imports, including significant increases for electric vehicles, solar panels, semiconductors, steel, and aluminum products. The White House views these tariffs as essential for national security, aiming to reduce reliance on China and encourage domestic production of critical technologies.

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