Our Founding Fathers Rejected
FREE TRADE And So Should We

Chapter Samples Buy the Book

Stop The Steel: Biden Is Replacing Trump’s Tariffs With Import Quotas

Instead of charging 25 percent tariffs on all steel imports, as Trump did, Biden’s deal includes a so-called “tariff-rate quota” that will allow 3.3 million metric tons of steel to be imported annually without tariffs. Once that threshold is met, the 25 percent tariffs will apply to subsequent imports. For reference, the U.S. imported nearly 5 million metric tons of steel from Europe in 2017—the last full year before Trump’s tariffs caused imports to fall sharply.

Read the article.