Part 6/9:
On the economic front, the Biden administration has threatened to impose substantial tariffs—50% on copper and up to 200% on pharmaceuticals—to bolster domestic industry and revenues. These threats have generated mixed reactions within the U.S., balancing concerns over economic fallout against anticipated revenue gains. Treasury Secretary Janet Yellen highlighted the potential $300 billion in additional revenue over the coming year, drawing attention to the financial benefits of such tariffs.