The Biden administration has pursued a big shift in trade policy, but it’s not clear whether that will be enough to win votes.
Since Donald J. Trump won over many working-class voters in 2016 with his vows to impose tariffs and rework “disastrous” trade deals, Democrats have been scrambling to win back supporters by taking a more protectionist trade approach.
Over the last four years, the Biden administration spent more time emphasizing the harm trade policy has caused to American communities than the benefits. It hit the brakes on negotiating trade deals with other countries and chose to maintain and even increase Mr. Trump’s tariffs on Chinese products. And it pumped billions of dollars into new American factories to make semiconductors and solar panels.
It’s a significant shift from the decades that both mainstream Democrats and Republicans spent working to promote trade and lower international barriers.
For Vice President Kamala Harris, next week’s election will be a moment of truth for whether the strategy worked.
Mr. Trump has helped bring trade to the forefront in presidential elections with his vitriolic criticisms of past policy and his proposals for high tariffs. It is an issue that resonates strongly with voters in Northern swing states like Pennsylvania, Michigan and Wisconsin, where manufacturing employment fell steeply in recent decades as factories moved abroad.
Biden officials have been trying to persuade more trade-skeptical voters that their policies to encourage manufacturing in the United States are working, pointing to a recent surge in U.S. factory construction.
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Source: Economy - nytimes.com