{"id":2273233,"date":"2024-06-21T06:32:10","date_gmt":"2024-06-21T10:32:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-comes-out-swinging-against-tariffs-despite-keeping-trumps-in-place\/"},"modified":"2024-06-21T06:38:15","modified_gmt":"2024-06-21T10:38:15","slug":"biden-comes-out-swinging-against-tariffs-despite-keeping-trumps-in-place","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-comes-out-swinging-against-tariffs-despite-keeping-trumps-in-place\/","title":{"rendered":"Biden criticizes tariffs while maintaining Trump&#8217;s policies"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">14<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-comes-out-swinging-against-tariffs-despite-keeping-trumps-in-place%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2273233&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe \u200bBiden\u200c has stepped up his\u200b criticism of\u2062 former President Donald Trump&#8217;s proposal for new tariffs on all imports, including\u200b a notable 60% on goods\u200b from China. Biden argues that these tariffs would significantly increase inflation \u2063and tax burdens on middle-class\u2064 Americans. Despite this critique, Biden has chosen to\u200c maintain and even increase the tariffs\u200c on various\u2063 products from China established during Trump&#8217;s \u200cadministration,\u2062 justifying them \u2063as targeted measures to \u200bprotect U.S. manufacturing and jobs.<\/p>\n<p>Trump\u200b defends his tariff strategy as\u200b protective and \u200bnot significantly inflationary, suggesting \u2063they&#8217;d act like \u2062a &#8220;ring around the country&#8221; to \u2063bolster the \u2064economy. However, according to the\u2062 Washington Examiner, Biden&#8217;s campaign sees\u200b Trump&#8217;s tariff ideas as potentially exploitable for political gain, considering them\u200c harmful to economic \u2062stability and costly for American families.<\/p>\n<p>Meanwhile, Trump&#8217;s campaign maintains that his historical tax reductions have benefited Americans and accuses\u200d Biden of planning substantial tax increases that would hurt families financially. Trump plans\u200d to continue advocating for tax\u200d cuts\u200c and possibly\u2062 make his previous cuts permanent if re-elected.<\/p>\n<p>the discussion revolves around differing economic approaches, with Biden \u2064criticizing Trump&#8217;s\u2063 broad tariff\u200c proposals for potentially exacerbating inflation and increasing taxes on middle-class Americans, while Trump \u2064argues his plan would protect\u2063 and financially benefit the country.  <\/p>\n<p class=\"readmore\">\n    <button onclick=\"showReadMore()\" id=\"readmorebtn\">Read more&#8230;<\/button>\n<\/p>\n<hr id=\"line\">\n<span id=\"more\"><\/p>\n<div>\n<p>President <a target=\"_blank\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\/\" rel=\"noreferrer noopener\">Joe Biden<\/a> is ramping up his campaign attacks against former President <a target=\"_blank\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/donald-trump\/\" rel=\"noreferrer noopener\">Donald Trump<\/a>\u2018s new tariff proposals, despite maintaining, and even expanding, the Trump administration\u2019s tariffs on Chinese imports.<\/p>\n<p>Biden told donors at a campaign fundraiser in McClean, <a href=\"https:\/\/www.washingtonexaminer.com\/tag\/virginia\" target=\"_blank\" rel=\"noopener\" title=\"Virginia\">Virginia<\/a> earlier this week that Trump\u2019s suggestion to put 10% or higher tariffs on all imports to the U.S. in addition to 60% tariffs on products imported from China would \u201cdrive up inflation\u201d and \u201cincrease taxes on the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/original-a-christmas-story-house-goes-up-for-sale-in-cleveland\/\" title=\"Original \u2018A Christmas Story\u2019 House Goes Up For Sale In Cleveland\">average middle-class<\/a>.\u201d<\/p>\n<p>\u201cEvery product coming to America, he wants a 10 percent tariff on it. That\u2019s going to drive up inflation, and he\u2019s reported to have said behind closed doors, according to the press, he\u2019ll replace the income tax system \u2014 eliminate it and make it all tariffs,\u201d the president said, referring to recent reports have indicated that Trump has discussed with his advisors eliminating the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/zoom-profits-in-2020-660-million-zoom-tax-payment-in-2021-0\/\" title=\"Zoom Profits in 2020: 0 Million. Zoom Tax Payment In 2021: federal income tax.\">federal income tax<\/a> and instead replacing that lost revenue with an all-tariff program.\u201dA study came out today that shows his plan would increase taxes on the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/i-paid-my-way-through-college-forcing-me-to-pay-for-someone-elses-is-unjust\/\" title=\"I Paid My Way Through College. Forcing Me To Pay For Someone Else\u2019s Is Unjust.\">average middle-class family<\/a> by $8,300 a year.\u201d<\/p>\n<p>However, despite Biden\u2019s attacks against Trump\u2019s new proposal, the president has opted to keep his predecessor\u2019s tariffs on Chinese goods in place following a lengthy administration review and even raised tariffs on steel, solar panels, electric vehicles, and their component parts imported from China.<\/p>\n<p>Biden\u2019s team, both at the campaign and within his administration, argue that the president\u2019s tariffs represent targeted policies that protect American manufacturing and jobs, as opposed to Trump\u2019s blanket approach that only benefits the wealthiest Americans and corporations.<\/p>\n<p>\u201cWhat Trump is proposing will bring chaos to economic markets, raise costs on working families, and send inflation skyrocketing \u2014 all so that the richest Americans pay less,\u201d Biden campaign spokesperson James Singer told the <em>Washington Examiner<\/em>. \u201cAmerican families can\u2019t afford Trump\u2019s broken economic promises, trickle-down agenda, and across the board middle-class tax increases.\u201d<\/p>\n<p>Trump has made increased tariffs a feature of his <a target=\"_blank\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/2024-elections\/\" rel=\"noreferrer noopener\">2024<\/a> campaign platform. In an April interview with <a target=\"_blank\" href=\"https:\/\/time.com\/6972022\/donald-trump-transcript-2024-election\/\" rel=\"noreferrer noopener\">TIME Magazine<\/a>, the former president suggested putting 10% or higher tariffs on all imports to the U.S. in addition to 60% tariffs on products imported from China. In the same interview, Trump also disputed that increased tariffs will raise costs for American consumers.<\/p>\n<p>\u201cI call it a ring around the country. We have a ring around the country. A reciprocal tax also, in addition to what we said. And if we do that, the numbers are staggering,\u201d he claimed at the time. \u201cI don\u2019t believe it will have much of an effect because they\u2019re making so much money off of us. I also don\u2019t believe that the costs will go up that much. And a lot of people say, \u2018Oh, that\u2019s gonna be a tax on us.\u2019 I don\u2019t believe that. I think it\u2019s a tax on the country that\u2019s doing it.\u201d<\/p>\n<p>Biden campaign officials told the<em> Washington Examiner<\/em> that Trump\u2019s TIME interview was a \u201cslip on the banana peel moment\u201d that Biden would be able to exploit.<\/p>\n<p>However, a Trump campaign official told the <em>Washington Examiner<\/em> that the former president was not seriously considering the proposal and \u201csimply floated the idea as one of many brought up during the conversation.\u201d<\/p>\n<p>\u201cPresident Trump proudly passed the largest tax CUTS for hardworking Americans in history. Joe Biden wants to repeal every single one of President Trump\u2019s tax cuts, raising the corporate tax rate to 28%, and implement the largest tax HIKE ever which would rob nearly $40,000 dollars from the average family who is already losing thousands every year due to Biden\u2019s record-high inflation crisis,\u201d Trump campaign spokesperson Karoline Leavitt additionally told the <em>Washington Examiner<\/em>.<\/p>\n<p>Leavitt continued, \u201cWhen President Trump is back in the White House, he will seek to make the existing Trump Tax Cuts permanent, advocate for additional tax cuts for working families, and ask Congress to end taxes on tips for service workers. President Trump\u2019s priority has been and always will be putting more money back into the pockets of hardworking Americans.\u201d<\/p>\n<p>Treasury Secretary Janet Yellen argued to reporters Thursday that Trump\u2019s new tariff proposals would not only raise costs for households but also businesses.<\/p>\n<div>\n<p>\u201cI believe that is a substantial enough program that it would both raise costs to consumers broadly on all the imports they buy and harm American businesses \u2014 many of whom rely on imported goods for their supply chains that would significantly raise their costs,\u201d she said in Atlanta, Georgia.<\/p>\n<p><a href=\"https:\/\/www.theatlantic.com\/politics\/archive\/2024\/06\/trump-plan-supercharge-inflation\/678566\/\" target=\"_blank\" rel=\"noreferrer noopener\">Douglas Holtz-Eakin<\/a>, president of the American Action Forum and former director of the Congressional Budget Office said that Trump\u2019s tariff proposal \u201cdoesn\u2019t bode well\u201d for American consumers\u2019 average \u201ccost of living.\u201d<\/p>\n<\/div>\n<p>\u201cThe policy is very bad. Tariffs make consumers poorer,\u201d Alex Durante, an economist with the conservative Tax Foundation, told <a target=\"_blank\" href=\"https:\/\/amp.cnn.com\/cnn\/2024\/04\/11\/economy\/trump-tariffs-trade-jobs-inflation\" rel=\"noreferrer noopener\">CNN<\/a>. \u201cThey shrink the economy. This would probably be the most damaging part of a Trump 2.0 economic agenda.\u201d<\/p>\n<div>\n<p><strong><a href=\"https:\/\/www.washingtonexaminer.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER<\/a><\/strong><\/p>\n<p>And Moody\u2019s Analytics chief economist Mark Zandi wrote in a <a href=\"https:\/\/x.com\/markzandi\/status\/1803828857574711560?s=46\" target=\"_blank\" rel=\"noreferrer noopener\">report<\/a> published Thursday analyzing Biden and Trump\u2019s respective economic platforms that Trump\u2019s \u201cproposed tariff policy raises costs for businesses and in turn weighs on growth and productivity, and lifts inflation as businesses pass many of their higher costs to consumers.\u201d<\/p>\n<\/div>\n<p>Zandi had <a target=\"_blank\" href=\"https:\/\/www.theatlantic.com\/politics\/archive\/2024\/06\/trump-plan-supercharge-inflation\/678566\/\" rel=\"noreferrer noopener\">previously claimed<\/a> that \u201cTrump\u2019s economic plans would increase the inflation rate\u201d and drive the country into a recession shortly after increased tariffs were implemented.<\/p>\n<\/p><\/div>\n<p><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden is intensifying his campaign criticisms of Donald Trump&#8217;s latest tariff proposals. At a Virginia fundraiser, Biden highlighted that despite continuing and increasing Trump-era tariffs on China, Trump&#8217;s new plan to impose tariffs of at least 10% on all U.S. imports is misguided<\/p>\n","protected":false},"author":2645,"featured_media":2273234,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/biden-trump-tariffs-china.webp","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-2273233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.washingtonexaminer.com\/wp-content\/uploads\/2024\/06\/biden-trump-tariffs-china.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2273233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/2645"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2273233"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2273233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2273234"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2273233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2273233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2273233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}