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Gas prices spiked during Biden’s term as well, topping a historic national average of $5 per gallon before dropping, in part, because Biden emptied out much of the Strategic Petroleum Reserve.
During his time as vice president (2009–2017), Biden helped organize the Trans-Pacific Partnership (TPP), a planned-but-never-implemented 12-nation trade deal that would have lowered tariffs ...
WASHINGTON — President Joe Biden on Tuesday took credit for building a strong economy out of the ruins of the COVID-19 pandemic — just in time for him to turn it over to President-elect Donald ...
In May, the Biden administration increased the tariff rate on electric vehicles imported from China from 25 percent to 100 percent. Biden also kept or increased tariff rates on Chinese steel and ...
The Balance used three scenarios for describing the debt addition during the Obama Administration: Debt added from when Obama was inaugurated January 20, 2009 ($10.6 trillion) to when he left office on January 20, 2017 ($20.0 trillion), an increase of $9.4 trillion. This calculation simply compares two points in time and does not analyze cause.
The tariffs he imposed on China in his first term were continued by President Joe Biden, a Democrat who even expanded tariffs and restrictions on the world’s second-largest economy.
May 14: The Biden administration doubled tariffs on solar cells imported from China and more than tripled tariffs on lithium-ion electric vehicle batteries imported from China. [242] It also raised tariffs on imports of Chinese steel, aluminum, and medical equipment. [242] The tariff increases will be phased in over a period of three years. [242]
"Some U.S. industries and manufacturers will experience cost increases and supply-chain disruptions as a result of these tariffs but the Biden administration is clearly taking the view that these ...