Taxes

Trump and Biden’s Tariff Tango

Tariffs are a hot topic this election cycle for both President Biden and former President Trump. But why are tariffs so popular despite their economic downsides? In this episode, we unpack tariffs’ role in the political playbook, their impact on manufacturing jobs and consumers, and the Biden administration’s review of Trump-era tariffs.

Erica York, Senior Economist and Research Director at the TaxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
Foundation, joins Kyle Hulehan to break down the basics of tariffs, explore historical tariffTariffs are taxes imposed by one country on goods or services imported from another country. Tariffs are trade barriers that raise prices and reduce available quantities of goods and services for U.S. businesses and consumers.
failures, and discuss the potential long-term effects of maintaining or increasing tariffs.

Links

  • How the Section 232 Tariffs on Steel and Aluminum Harmed the Economy See more
  • So-Called Strategic Tariffs Are Still Tariffs—and Still Protectionist See more
  • Trump, Biden and the American Protectionist Matrix See more
  • Americans Are Still Paying for the Trump-Biden Tariffs See more
  • Tariff of Abominations Redux: Trump Proposes 60% Tariff on Chinese Goods See more
  • Tariffs and Trade Resource Center See more
  • Tracking the Economic Impact of U.S. Tariffs and Retaliatory Actions See more
  • Trump’s $300 Billion Tax Hike Would Threaten U.S. Businesses and Consumers See more

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