New Articles
  June 3rd, 2024 | Written by

Center for American Progress Column: Tariffs Show Biden’s Resolve to Protect U.S. Tech and Market Integrity

[shareaholic app="share_buttons" id="13106399"]

The Biden administration’s decision to raise tariffs on strategic imports from China underscores its commitment to placing American workers at the forefront of the global transition to a cleaner future. This move is part of a broader strategy that combines targeted tariffs with historic investments in American industry, delivering significant economic gains.

Read also: The Effects of Biden’s Tariff Increases on Chinese Products on the US Economy, Small Businesses and Entrepreneurs 

A recent column by the Center for American Progress (CAP) highlights how these tariffs signal the administration’s resolve to prevent China from undermining U.S. investments in key technologies, flooding the domestic market with subsidized or illegal goods, and stifling competition and innovation. The column illustrates the substantial scale at which the Biden administration’s incentives and investments are bolstering the U.S.’s capacity to manufacture future-defining technologies.

“The Biden administration’s new tariffs are smart and pragmatic. They show that you can stand up for workers and fight the climate crisis at the same time,” said Ryan Mulholland, senior fellow for international economic policy at CAP and co-author of the column. “These new tariffs, coupled with the Biden administration’s historic investments in American industry, are creating a foundation of U.S. industrial competitiveness for years to come.”

Mike Williams, senior fellow on the Domestic Climate team at CAP and co-author of the column, added, “The Biden administration has proved time and time again that it’s possible for the United States to lead the world’s clean energy transition while delivering high-quality union jobs and opportunities for workers. These tariffs are further proof that the Biden administration is delivering on its promise that climate action means good jobs for the American people.”

Through this strategic approach, the Biden administration is confident it is not only addressing immediate economic challenges but also laying the groundwork for sustained industrial competitiveness and a robust clean energy future.