Biden Administration Ratchets Up Tariffs on Chinese Goods
Biden Administration Ratchets Up Tariffs on Chinese Goods
The administration moved to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.
Most important part of these tariffs:
"The trade rule allows packages to be shipped from foreign countries directly to consumers or businesses without paying tariffs, as long as the shipments do not exceed $800 per recipient per day. The new proposal would strip that exemption from a wide array of products and most likely have a significant impact on large importers of Chinese goods such as Shein and Temu, two online marketplaces that have become popular with American shoppers."
This trade rule being taken advantage of by Aliexpress, Temu, and Shein is the sole reason why significant amounts of Americans could still afford to buy a lot of consumer goods despite having their real wages crash year after year. This would genuinely trigger another cost of living crisis
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Love it when dems trashed on trump for his trade war and then there are crickets when biden does worse
Biden is doing worse at pretty close to everything.
Biden should just enforce a tariff on China for every living Chinese person