Not all American tariffs are created equal

News Snapshot:

There are different kinds of Americans. And there are different kinds of tariff strategies. That’s the key message to take away from President Joe Biden’s new import duties on various Chinese goods. While some see them as proof that this White House wants to deglobalise as fast as the Donald Trump administration did, nothing could be further from the truth. Trump used tariffs as a blunt tool in a single-prong strategy to reduce the US trade deficit with China, but for Biden they are part of a much broader plan. This aims not only to tackle Chinese mercantilism, the global...