Mike Pence Says Joe Biden Will Repeal Trump’s Tariffs. That’s a Good Idea!
The vast majority of Americans have a favorable opinion of global trade. Vice President Mike Pence delivered a clear message to that group during last night’s debate: Joe Biden’s your man.
“Joe Biden wants to repeal all of the tariffs that President Trump put into effect,” Pence claimed—testing out the unusual political strategy of telling voters that your opponent wants to cut taxes. In fact, Pence’s pitch on Biden’s behalf is such a straightforward promise that could appeal to huge swaths of Americans on both sides of the partisan divide that the real head-scratcher is why Biden hasn’t embraced it already.
The case for repealing Trump’s tariffs is a strong one. The tariffs on Chinese imports have largely failed to bring about any of the benefits Trump promised, and both America and China seem to have already disregarded what little progress was made with the signing of a limited trade deal last year. The White House promised that tariffs would help rejuvenate American manufacturing, but the added costs from tariffs on industrial inputs were one of the chief reasons why the manufacturing sector had fallen into recession even before the COVID-19 pandemic hit. America’s trade deficit with China, which Trump promised to reduce, is now larger than it has ever been.
When you add them all up, the tariffs are one of the biggest tax increases in recent American history, and the cost is borne—despite what Trump and his allies like to claim—entirely by American consumers and businesses. The administration has spent $28 billion just to fix s
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