Biden has also increased some Tariffs on Chinese goods and materials, yet, the overriding realization from the languid effectiveness of the Trump 201, 301 tariffs has not been that effective either. So, one does not know how this will flesh out either until the Treasury Department generates another “guidance document” which will lay out the tariffs, which items from where and enter these in the current 201, 301 tariff lists. The over all foolishness in all of this is, Congress over decades has not been proactive and is now trying to be (reactive) to remediate a problem where China now has MOUs or ownership of about 60% of the Worlds know Lithium raw supply chains. Then China has been busy for at least 20 years building up refineries, for raw to feed stock materials used in manufacturing World wide and owns about 80% of the silicon foundries for Amorphous and Crystalline silicon used in the solar PV and IC chip industries World wide. To keep businesses afloat, all the “tariff” does in this situation is cost the U.S. consumer more per item bought either due to being the only item that is also made in China or is made even in the U.S. with Chinese materials and feedstocks that are under the tariff guidance.

No U.S. supply chains, tariffs to “protect” U.S. manufacturing interests and who gets rich? The U.S. Treasury. You can reduce “income” tax to give folks more money to spend, when one looks at the tariff protectionist concept with no one else to turn to but China, you are erasing tax relief with inflationary tariff goods increases.