American and foreign powers alike are being seduced by autarky — the idea that economies should be as closed off as possible, whatever the consequences.
Biden has said his trade approach is designed to help American workers. Unfortunately, it might well do the opposite, as he had acknowledged back in 2020 when his tariffs were still considered Trump’s. This is especially true with regard to duties on materials or other inputs that get purchased by U.S. firms to make their own products.of Americans employed by steel companies.
And yet Trump implemented, and Biden largely maintained, nearly worldwide steel tariffs, jeopardizing the jobs of downstream workers.is employed in solar manufacturing. The vast majority of U.S. solar jobs involve the installation, distribution, development, maintenance, etc. of solar projects. Whether the goal is reducing carbon emissions or maximizing job growth, the U.S.
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