First, Do No Harm to the Global Supply Chain | Cato Daily Podcast
Scott Lincecum argues that the Biden administration's decision to maintain Trump-era tariffs and delay supply chain reviews is politically motivated but economically damaging, causing significant pain to downstream manufsummaryTrump-era steel tariffs caused significant pain to downstream manufacturing industries with minimal gain for the steel sector itself, as higher prices reduced domestic demand and led to layoffs.takeawayThe Biden administration has maintained Trump's tariffs and expanded supply chain reviews (covering semiconductors and rare earths) but has not liberalized restrictions, largely due to political pressure from manufacturitakeaway














