A recent study indicated, to no one’s surprise, that Trump’s first round of tariffs was an extremely inefficient way of saving profits and jobs but was nonetheless popular. That’s why Biden left most of them in place.
The Trump 2.0 tariffs would be different, because this time, the consumer would feel them directly in the form of increased prices on retail goods. The public is more sensitive to inflation now than it was in Trump’s first term as a result of our experience over the last few years.
Biden really needs to make a major issue of this tax increase on the poor and the middle class during the campaign. I have to believe he will.