The 2024 campaign is underway, and that means new efforts by politicians to pander to economic nationalists and protectionists by calling for new trade wars and trade controls. This will surely happen even though the Biden Administration has done very little to reverse the protectionist policies that Donald Trump imposed during his term. For example, new so-called "Section 301" tariffs, which have been in place since 2018, are still in effect and are only now being "reviewed." In response to a possible change to these new trade barriers, a bipartisan group of legislators has already called on Biden to keep these taxes in place. Moreover, candidate Trump, now campaigning for 2024 has recently called for an additional 10-percent tariff (i.e., tax) on all imports.
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2023-12-01