It wasn’t too long ago that we were told Trump’s tariffs against China could devastate America and ruin the economy.
Well guess what?
Biden is imposing tariffs on China.
On April 17, 2024, President Biden plans to visit the United Steelworkers headquarters in Pittsburgh, Pennsylvania—a key battleground state. His visit isn’t just a routine check-in; it comes with a hefty agenda. The President is advocating for a substantial increase in the tariff rate on steel and aluminum imports from China, proposing to triple the current average tariff from 7.5% to over 20%. This move is a clear signal that the Biden administration is serious about its recent warnings concerning China’s trade practices.
Which flies in the face of what he said in 2019.
“President Trump may think he’s being tough on China. All that he’s delivered as a consequence of that is American farmers, manufacturers and consumers losing and paying more,” Biden said during a foreign policy speech. “His economic decision-making is so shortsighted and as shortsighted as the rest of his foreign policy.”
Let’s take another trip down memory lane, watch below:
By the way, notice how Biden acts then versus now. It shows how bad he’s gotten and he was beginning to struggle then.
Isn’t it funny how quickly things change when a recent Reuters report has Biden’s approval rating at 38%?
Another devastating portion of the report shows that 41% of respondents say Trump has a better approach compared to 34% who said Biden was better.
Next thing you know his administration is talking about tariffs.
Biden is announcing higher tariffs on Chinese steel today — something he OPPOSED when President Trump did it.
Here’s Biden criticizing President Trump’s tariffs in 2019: “It’s really easy to be tough when someone else absorbs the pain.” pic.twitter.com/ANstR6cM19
— RNC Research (@RNCResearch) April 17, 2024
Treasury Secretary Janet Yellen highlighted issues regarding Chinese subsidies that she believes are leading to an oversupply of clean energy products like solar panels and electric vehicles. Yellen expressed worry that this overcapacity might flood global markets, pushing prices down through artificially cheaper exports and potentially stifling competition worldwide.
Yellen mentioned that if these concerns are not addressed, tariffs could be a tool on the table. The Chinese response has been to deny these accusations of overcapacity, attributing their abundant supply to constant innovation rather than government subsidies.
So now here we are.
Biden is imposing Trump policies that he campaigned against not that long ago.
