History says tariffs rarely work, but Biden’s 100% tariffs on Chinese EVs could defy the trend
- Written by Tinglong Dai, Bernard T. Ferrari Professor of Business, Johns Hopkins University
Hundreds of BYD vehicles wait at a port in Suzhou, China, to ship out.AFP via Getty ImagesIn June 2019, then-presidential candidate Joe Biden tweeted: “Trump doesn’t get the basics. He thinks his tariffs are being paid by China. Any freshman econ student could tell you that the American people are paying his tariffs.”
Fast-forward...