Biden’s First Trade Move
President Biden made his first move on trade by reinstating tariffs on aluminum exported from the United Arab Emirates. This reverses former President Trump’s decision to lift them on his last day in office. (New York Times)
The decision is one of Mr. Biden’s first significant moves on trade and suggests that his administration may be inclined to maintain the type of hefty tariffs Mr. Trump imposed on foreign metals to protect domestic industry. That position found favor with unions, but disappointed industries and businesses that have argued the tariffs raise costs.