“Tariffs on imports from China have refilled the employee parking lot at Stoughton Trailers in Evansville, Wis. The company makes chassis, the wheeled steel frames that carry cargo containers around the country. Chassis from China are now prohibitively expensive, Stoughton is hiring hundreds of workers — and the rest of us are paying for those jobs.
The tariffs have contributed to a shortage of chassis in the middle of an import boom, one reason that American ports are gridlocked. Tariffs also drive up prices. American chassis are beginning to roll off production lines, but they cost more than pretariff Chinese chassis, which raises the price of everything that travels by chassis.
In slapping tariffs on chassis and a wide range of other goods in 2018, President Donald Trump loudly insisted China was cheating by subsidizing its export industries. Tariffs, he promised, would shelter American manufacturers from unfair competition. President Biden has maintained the tariffs. The federal government is on pace to collect more money in tariffs this year than in any previous year.”