Americans are still paying more for shoes, luggage and hats after Biden left Trump’s tariffs in place | CNN Politics
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In 2018, then-president Donald Trump put new tariffs on a variety of Chinese-made goods, including baseball caps, luggage and shoes – and Americans have been paying the duties ever since.

Nothing will fundamentally change

  • mozz@mbin.grits.dev
    61·
    4 months ago

    It’s not just fashionable accessories. Biden left in place tariffs too on steel, aluminum, did the new ones on EV cars that everyone knows about, actually lots of stuff

    I won’t pretend to be qualified to say if these are good things or bad things. I know that generally he’s been accomplishing good things with the American economy, and I also know people will come out of the woodwork to say no he hasn’t he’s the worst thing since Margaret Thatcher, see he’s identical to Trump, and as a good leftist I’m voting for Grimace from McDonald’s instead to send a message and finally get things on the right track, and you should too

    I’m not trying to talk about that. I just want to bring up that China complained about the steel tariffs to the WTO, and the WTO said hey yeah you guys can’t do those, we order you to take those tariffs away, and the Biden administration told them to go fuck themselves and then did a bunch more tariffs

    Like I say I have no idea about the issues, but anything that involves openly giving the middle finger to the WTO from any American administration is, to me, a rare and wonderful surprise

  • AutoTL;DR@lemmings.worldBEnglish
    1·
    4 months ago

    This is the best summary I could come up with:

    In 2018, then-President Donald Trump put new tariffs on a variety of Chinese-made goods, including baseball caps, luggage and shoes – and Americans have been paying the price ever since.

    But after a multi-year review of the duties was released last month, the Biden administration decided to keep them in place and raise the rate on a relatively small share of the impacted imports, including things like electrical vehicles and semiconductors made in China.

    Known for selling comfortable footwear to retailers like JCPenney, Kohl’s and Macy’s, Deer Stags has been importing most of its shoe line from China since the 1980s, said the company’s president, Rick Muskat.

    But we were a deflationary industry that turned when the China tariffs went into effect,” said Nate Herman, senior vice president of policy at the American Apparel & Footwear Association.

    “I think the important thing to recognize is that while those tariffs were in place, we had strong GDP growth, certainly avoided a recession that many people said was almost inevitable, we’ve had unemployment below 4% for over two-and-a-half years,” Bernstein said.

    Business leaders across the US, as well as lawmakers on both sides of the aisle, tend to agree that China’s unfair trade policies, such as intellectual property theft and forced technology transfers, need to be addressed.

    The original article contains 1,741 words, the summary contains 215 words. Saved 88%. I’m a bot and I’m open source!