For the first two decades of the 21st century, many consumer products on America's store shelves got less expensive. Import wave from China led to job losses, pushing voters to elect Presidents imposing tariffs on Chinese goods for protecting American factories.
Mr. Biden's decision on Tuesday to codify and escalate tariffs imposed by Mr. Trump marked the end of an era favoring trade with China over localized manufacturing jobs. Democrats and Republicans once favored outsourcing production to cheaper labor countries.
A 100 percent tariff on Chinese electric vehicles showcases a shift towards protecting American industries. Economists foresaw job losses as companies outsourced production for cost efficiency by paying low wages in other countries.
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