Most important part of these tariffs:
“The trade rule allows packages to be shipped from foreign countries directly to consumers or businesses without paying tariffs, as long as the shipments do not exceed $800 per recipient per day. The new proposal would strip that exemption from a wide array of products and most likely have a significant impact on large importers of Chinese goods such as Shein and Temu, two online marketplaces that have become popular with American shoppers.”
This trade rule being taken advantage of by Aliexpress, Temu, and Shein is the sole reason why significant amounts of Americans could still afford to buy a lot of consumer goods despite having their real wages crash year after year. This would genuinely trigger another cost of living crisis
The appearance of being tough on China, and possibly short term profits. If Chinese goods become prohibitively expensive, then consumers will have no choice but to turn to American (or perhaps other countries’) goods which will benefit those companies. These profits, positive reception from muh mom and pop shops and big domestic brands like Ford and co., and the optics might prove meaningful for the bird brained democratic voter.
But so many of these companies rely on Chinese supplies. The US sucks the cocks of ‘farmers’ so hard that they might as well build a milking facility. If they’re unable to source elsewhere at comparable prices, they will force the government to walk back on these policies. So far they have been able to survive’s Trump’s tariffs, but Biden is being even more brazen.