Biden's China Tariffs Are the End of an Era for Cheap Chinese Goods

For two decades, cheap Chinese imports reduced prices for various goods in the U.S., leading to the closure of American factories and job losses. This prompted a political shift, with Presidents Trump and Biden implementing tariffs to protect U.S. industries. Biden's recent decision to continue and increase these tariffs marks the end of an era of low-cost Chinese goods, emphasizing a shift towards protecting domestic manufacturing over cheaper imports.