Published December 13, 2022
Donald Trump was roundly criticized for his allegedly “protectionist” trade policies. But President Biden has not abandoned them. In fact, he has expanded on his predecessor’s approach, retaining many of Trump’s tariffs while enacting a range of government subsidies for domestic industry.
This is a welcome surprise. But Biden must be careful going forward: If implemented haphazardly, these trade policies run the risks of waste and corruption.
Henry Olsen, a senior fellow at the Ethics and Public Policy Center, studies and provides commentary on American politics. His work focuses on how America’s political order is being upended by populist challenges, from the left and the right. He also studies populism’s impact in other democracies in the developed world.