An economic requiem for the Biden administration
1 week, 1 day ago

An economic requiem for the Biden administration

Live Mint  

The New York Times famously prepares obituaries for notable individuals well in advance of their death. Now that President Joe Biden’s administration is about to expire, an elegy is in order for its economic achievements, failures, and missed opportunities. In Biden’s four years, the US outperformed virtually every other advanced economy in terms of output, employment, and productivity growth. Biden did not retain the worst of Trump’s tariffs, but he maintained the tariffs on imports from China, and in 2024 his administration announced tariff hikes on an additional $18 billion of Chinese goods, including EVs, solar cells, batteries, steel, aluminium, and face masks. More than promoting national self-sufficiency, these measures sought to advance the specific objective of decoupling from China, reflecting the administration’s view of the People’s Republic as an economic and geopolitical rival.

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Biden’s unfinished business
2 weeks, 3 days ago

Biden’s unfinished business

Politico  

Biden has acknowledged that his economic agenda is at an inflection point. In a recent op-ed in The American Prospect, the president wrote that “the next four years will determine whether the incoming administration builds on this strength.” Trump’s transition team did not respond to a request for comment, but other Republicans have been unsparing in their assessments of Biden’s …

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