Biden Admin Maintains Trump’s Stiff Tariffs Against China

Bidenomics includes Trumpenomics.

The $350 billion in tariffs that Trump had imposed on Chinese goods have been retained by President Joe Biden, even though he rolled back other executive actions signed by Trump in his first year in office.

According to the top US trade official, Biden kept Trump’s tariffs on the Chinese in place to create jobs in the US.

Trade Representative Katherine Tai expressed that tariffs are only one economic instrument among many being used to help middle-class Americans during a Monday lecture at the Washington, D.C., think tank of the Council on Foreign Relations.

If re-elected, Republican presidential candidate and former president Donald Trump has said he may consider slapping taxes on Chinese goods at 60%.

A recent analysis co-authored by the non-profit National Bureau of Economic Research states that concerning the trade war that the Trump administration started, newly protected sectors of the American labor market have not been affected. On the other hand, the writers pointed out that it has hurt jobs, especially in farming.

When detractors pointed out the issue’s politics and the claims made by sure researchers that the tariff system hurt U.S. employment, Tai stated they were missing the bigger picture. She said the Biden administration uses this instrument as part of their economic strategy to help the middle class recover.


American importers have paid some of those tariffs for more than four years.


The controversial trade war with China began in 2018 when Trump imposed tariffs on Chinese goods valued at $50 billion. He doubled the list of products subject to tariffs the following year in retaliation for Beijing’s duties on some American-made goods.

Presidents Trump and Xi Jinping of China signed the Phase One deal, which constituted a truce, in early 2020 after months of escalation. The United States reduced the amount of some tariffs while leaving others in place, while China pledged to increase its imports of US commodities and agricultural products. The target increase is $200 billion from levels before the trade war.

But China’s failure to accomplish those objectives is becoming more apparent. According to purchasing specialist Chad Bown of the Peterson Institute for International Economics, China is only expected to purchase 60% of the products it first committed to purchasing.