How do tariffs on China benefit U.S. companies?

White House Economic Advisor Lael Brainard explains why the Biden-Harris administration continued tariffs on Chinese imports, demonstrating how narrowly targeted tariffs can be beneficial to the U.S. private sector.

The Council on Foreign Relations (CFR) is an independent, nonpartisan membership organization, think tank, and publisher.

Follow CFR on Twitter: / cfr_org
Follow CFR on Facebook: / councilonforeignrelations

[spacetimemalleable]

Too Little, Too Late. Corporations always seek the lowest labor costs and the biggest market. China was tailor made for this. Instead of investing in the U.S. human capital, viz. better education in STEM fields, we've neglected these areas. China, however, has laser-focused on these for decades. With low labor costs and well-trained STEM personnel, they are now the manufacturing leader. It will take decades for the U.S. to catch up if ever.

[jameshylton]

OMG!! FOR ALMOST 4 YEARS I HAVE PAID ALMOST 5 YEARS BECAUSE OF THIS ADMINISTRATION IN GAS, GROCERIES, HOUSING, ECT..

[clayton]

Why not build these type of companies in the US? We've lost our goal of being the dominant producers of products. We chased the cheap products and not the quality of products. Corporations chased the almighty dollar due to cheap labor, to compete with China.

[robertshockley]

These folks think they are so smart. Free trade is always better