Opinion: Trump’s ‘reciprocal tariffs’ are dangerous — and will make Americans poorer - MarketWatch
1. Biden's tariffs continue Trump's policies, affecting automotive imports and production. 2. Economic statecraft now includes tariffs to foster domestic industries amidst globalization. 3. U.S. multinationals face higher costs from compliance and monitoring due to tariffs. 4. China's investments globally highlight ongoing competition and threats to U.S. industries. 5. Tariffs may not cause inflation, but potential retaliation could harm the economy.