Why Biden Is Putting Tariffs on Chinese Imports The New York Times

News Snapshot:

Donald Trump is an old-fashioned protectionist, and he has been suggesting for a while that if elected he will quickly impose tariffs of 10 percent or more on all imports — a “ring around the collar” for the U.S. economy. But President Biden is by no means a free-trade purist. His signature legislative achievement, the Inflation Reduction Act — which is actually mainly about fighting climate change — contains several nationalistic provisions designed to limit subsidies primarily to manufactured goods produced in North America. And the Biden administration is now imposing tariffs as high as 100 percent on Chinese exports...