The Section 232 tariffs on steel and aluminum were a bad idea during the Trump administration. They’re still a bad idea.
There are indications that the Biden administration will keep these tariffs in place, at least in the short term. Given the accelerated rise in prices since end-2020, this reluctance to eliminate these counterproductive measures is mysterious to me. The depreciation of the dollar after the Trump-induced flight to dollar assets had already raised import prices.
