USTR’s Baltzan: China tariffs part of economic shift from efficiency to resiliency
For decades the U.S. economy has been focused on supply chain efficiency and the search for the least-expensive way to source inputs, but the pandemic and the war in Ukraine have contributed to a “paradigm shift” that has policymakers emphasizing supply chain resiliency -- one reason why the Biden administration has maintained tariffs on Chinese goods, according to a senior adviser to U.S. Trade Representative Katherine Tai. The Section 301 tariffs, imposed by the Trump administration and left largely untouched...