America’s trade wars will intensify under Biden or Trump

President Joe Biden has now joined former President Donald Trump as a "tariff man," leaving all of Trump’s China tariffs in place and imposing his own set of levies. Biden’s announcement this week aims to keep certain Chinese imports out of the US economy and protect the domestic production of semiconductors, green energy technology, and other favored industries. And whether Biden or Trump wins the election in November, more protectionism is coming to US trade policy. Like most political rivals, Biden and Trump have different rationales and strategies for boxing out China. But both men have important reasons to continue…