Eric Boehm of Reason reports on Biden’s tariffs.
- President Biden has introduced stringent tariffs on Chinese EVs, semiconductors, port equipment, and medical gear, including syringes and rubber gloves.
- While he claims that this will benefit American workers, it will increase costs for consumers (who are also workers) and hurt the administration’s own environmental goals.
- To lower costs for consumers, boost the economy, and lower emissions, the U.S. should turn to open markets and free trade.
“It is a decision that reflects the muddled economic thinking that has defined Biden’s time in office. It is a promise to raise taxes on Americans who want to purchase products the president disfavors, one that cuts directly against the same president’s own environmental goals, all wrapped up inside silly election-year rhetoric.”
Read the full article here.
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