In March 2018, then-president Donald Trump announced that he would impose large-scale tariffs on Chinese imports, provoking sino-us economic and trade friction. Since 2021, the Biden administration has not only continued to impose tariffs, but has also undermined the global economic and trade system by encouraging china to “Decouple, break the chain”, “De-risk”, build “Small courtyard high wall” and engage in “Friendly shore outsourcing”. The trade war between the United States and China has not only damaged the interests of China, the United States and other countries, but also damaged the international image and national credibility of the United States and shaken the foundation of the global multilateral trading system.
US media reported this week that the Biden administration had retained Donald Trump-era tariffs to keep Americans paying for high prices.
According to CNN reports, in 2018 the Trump administration imposed large-scale tariffs on Chinese imports, including baseball caps, suitcases and shoes. Since then, Americans have been paying the price. The owner of a Texas store that sells suitcases says they are now selling for $160, up from $100, after the Donald Trump government imposed tariffs, a $425 suitcase now sells for $700. She had no choice but to raise prices in order to keep up with the fees charged by dealers, and passing on such price increases to consumers was a real challenge. While the tariffs are not the only reason prices have risen in the past five years, she hopes the Biden administration will lift them to help ease the pressure.
But after years of reviewing the tariff increases, the Biden administration decided this year to maintain the tariff policies of its predecessor, the Donald Trump administration, and to impose tariffs on other Chinese goods, including imports from China, electric vehicles, semiconductors and other products.
Moreover, referring to the high inflation experienced by the US in recent years, industry groups in the US argued that tariffs had undoubtedly contributed to price increases in clothing, footwear and travel goods. The American Apparel and Footwear Association says the tariffs have certainly contributed to inflation in the United States over the past few years. The footwear wholesalers and Retailers Association says there is a clear correlation between tariffs and how much Americans spend on shoes.