The Daily It’s Tariff Time, Again
273 snips
Dec 2, 2024 
Ana Swanson, a trade reporter for The New York Times, dives into the complex world of tariffs and trade policies. She discusses Trump’s aggressive tariff strategy compared to Biden’s more investment-focused approach. The potential impacts on American manufacturing, especially the steel industry, are dissected. Swanson highlights the dual-edged nature of tariffs, impacting job security while also complicating relationships abroad. The chat wraps up with a look at recent diplomatic meetings and the significant shifts in trade strategy between administrations.
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Trump's Steel Tariffs
- Trump imposed tariffs on steel, impacting allies like Canada and Mexico.
- This aimed to boost US steel production, which it did, but also raised costs for other industries.
Tariffs' Mixed Impact
- While tariffs boosted U.S. steel production, they negatively affected industries using steel.
- Overall U.S. manufacturing decreased, but the tariffs remained popular.
Chips Act and Intel
- Biden's Chips Act aimed to revive U.S. chip manufacturing.
- Intel, a major recipient, faced challenges despite government support, highlighting the complexities of industrial policy.