The reality is that Trump has kept being attacked very viciously by many cronies of the Democratic party in the media.
Nowadays there are very few unbiased sources when it comes to economic analysis so you should be careful what you take for granted.
Go watch any video from US prime time news segments analyzing the policies of both candidates for the upcoming US presidential election and you'll see Trump being blased about tariffs.
What about Biden then? What did he do with tariffs? Guess what, he introduced even more tariffs than Trump did and even expanded on the previous ones. Want to look at the results? US Aluminum and Steel corporations are absolutely booming. Conducting more business, having increased profits and retaining and even increasing their workers at a time where many industries are shedding staff.
What's the issue with tariffs then? What went wrong when Trump introduced them in his first term?
The issue largely with tariffs is that there's an economic shock when they are implemented. The effect they have is that certain businesses will suffer, but eventually the revenue generated from tariffs by the government can help intervene and create more jobs to balance the economy and help those affected. But this takes time, maybe a couple of years, for the dust to settle.
So if Biden implemented so many tariffs, who's saying Kamala won't keep them if she gets elected also? And if Biden implemented tariffs on the same sectors, who can say that they don't work, especially only when Trump does them? Consider this when you tune in to the news the next time.
This is an economic complex phenomenon that has short-term and long-term impacts. With the implementation, in the short term, it might cause an increase in products to be sold at a higher price than what people expect to pay for them and presses some sectors dependent on imports. Companies struggle, which will eventually result in the loss of jobs in the short run. However, proponents argue that in the long run, Revenue from the tax can be recycled back into the economy. Stimulates other entrepreneurs other sectors and supports domestic industry.
For example, in the Trump administration. The steel and aluminum tariffs were first used as a means to protect U.S. industries. The move meant higher costs for consumers and some industries. Examples include people who voiced their concern over increasing prices and competitiveness. On the other hand, supporters point to subsequent growth in these industries. They say that these taxes make them stronger.
It retains some of Trump's tariffs, but in doing so, it expands the tax base. especially in the midst of a crisis. The enhanced earnings of North American aluminum and aluminium manufacturers in Biden would suggest that the tariffs may protect at least some sectors of industry.
in politics Those tax tales are very heavy with baggage. Social media focuses a lot on the near-term effects of Trump's tariffs. Perhaps, though, such steps by Biden might not attract the same attention. The filtering by these selection guidelines may tend to affect how the general public views the actions of one administration as more partisan or more effective than the actions of another, neutral to the above two economic considerations
