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The Story Behind Biden’s New Tariffs
On the Media
English - May 15, 2024 15:25 - 31 minutes - 28.8 MB - ★★★★★ - 8.2K ratingsNews Commentary News History news media radio advertising newspaper magazine npr wnyc journalism technology Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This week, President Biden announced major new tariffs on $18 billion worth of imports from China. The goods that will be affected include batteries, steel, aluminum, and semiconductors. Tariffs on electric vehicles will go up from
25 percent to 100 percent. These new tariffs signal a reversal from Biden’s messaging on tariffs during the 2020 campaign, and also a reversal of a decades-long consensus in Washington that lower tariffs are better for the American economy. To understand how we got here, Micah spoke with Gordon Hanson, an economist and a co-director of the Reimagining the Economy Project at Harvard University’s Kennedy School.
Further reading:
Help for the Heartland? The Employment and Electoral Effects of the Trump Tariffs in the United StatesWashington’s New Trade ConsensusOn the Media is supported by listeners like you. Support OTM by donating today (https://pledge.wnyc.org/support/otm). Follow our show on Instagram, Twitter and Facebook @onthemedia, and share your thoughts with us by emailing [email protected].