The Biden administration has kept Trump-era tariffs on China in place and recently raised them on steel, aluminum, medical equipment, electric vehicles, lithium-ion batteries, and solar cells. In a new explainer, Elijah Asdourian and David Wessel provide an overview of U.S. tariff policies, who bears the costs of tariffs, and what might be ahead.
“If messaging from the Biden administration and Trump campaign is any signal, the era of high tariffs will continue past 2024, though the nature and scope of the tariffs will depend on who wins the November 2024 election.”
—Elijah Asdourian and David Wessel
More research and commentary
The post-debate environment for Trump and Biden. On a new episode of The Current podcast, Elaine Kamarck discusses the impact of debates, why replacing President Biden at the top of the Democratic ticket is so difficult, and the Supreme Court’s decision on presidential immunity.
Entrepreneurship and Africa’s economy. Women entrepreneurs are on the rise in Africa. To support them, Zouera Youssoufou and Zakari Momodu call forgovernment and private sector investments in education, energy, and infrastructure.
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