Tariffs

The press is reporting that the Trump import taxes on Chinese goods will raise prices on American consumers and they are right. Trump placed import taxes on billions of dollars of goods from China and Biden kept these taxes. President Biden has increased the tax on EV's from China from 25% to 100%. In May Biden announced he would impose tariffs on steel, aluminum, semiconductors, batteries, minerals, solar cells,ship to shore cranes and medical products. Economist all agree that tariffs are not a good thing but they change their minds when countries use unfair tactics to keep their prices low.