Current location:style >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
style71People have gathered around
IntroductionWASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips ...
WASHINGTON (AP) — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts.
Jeff Aznavorian, the company president, thought he might enjoy some relief once Joe Biden entered the White House. Instead, Biden largely preserved Trump’s tariffs — on steel, aluminum and a mass of goods from China.
“It was a little surprising that an ideologically different administration would keep the policies so intact,’’ Aznavorian said, recalling how a previous Democratic president, Bill Clinton, had fought for freer trade. “That’s just so different from a 2024 Biden administration.’’
Trump and Biden agree on essentially nothing, from taxes and climate change to immigration and regulation. Yet on trade policy, the two presumptive presidential nominees have embraced surprisingly similar approaches. Which means that whether Biden or Trump wins the presidency, the United States seems poised to maintain a protectionist trade policy — a policy that experts say could feed inflation pressures.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earthly Echo news portal”。http://gibraltar.prpsystems.net/html-47f599914.html
Related articles
'The Apprentice,' about a young Donald Trump, premieres in Cannes
styleCANNES, France (AP) — While Donald Trump’s hush money trial entered its sixth week in New York, an o ...
【style】
Read moreSimon Cowell is lining up a new Britain's Got Talent kids' spin
styleSimon Cowell is lining up a new Britain's Got Talent kids' spin-off show – featuring the panel's Nep ...
【style】
Read moreShapiro aims to eliminate waiting list for services for intellectually disabled adults
styleHARRISBURG, Pa. (AP) — Gov. Josh Shapiro and his top human services official said Wednesday that the ...
【style】
Read more
Popular articles
- Mohammad Mokhber: Who is Iran’s acting president?
- Caitlin Clark's Indiana Fever jersey becomes Fanatics' best
- LMC becomes effective model of win
- Tesla's new mega factory project in Shanghai to start construction
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- Cody Bellinger hits a go
Latest articles
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
Gisele Bundchen shows off her figure in a tied
Gossip Girl star Leighton Meester gets into character as she joins co
Direct flights resume between Chengdu, Auckland
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
South Carolina making progress to get more women in General Assembly and leadership roles
LINKS
- Various Folk Cultural Activities Held to Celebrate Lantern Festival in China
- Across China: Competition in SW China's Chongqing Inspires Students to Innovate, Start businesses
- Farmers in NW China's Qinghai Celebrate Start of Spring Farming
- Innovation and Development Demonstrated During Boao Forum
- China's Population Fell by 850,000 in 2022 But 'Labor Resources Still Abundant'
- China Steadily Improves People's Wellbeing over Past 5 Years: Report
- Activities Held to Celebrate Hua Zhao Jie in Hangzhou, E China
- Organizations Promote Construction of 'Child
- Innovative Tea
- Elements of 'Rabbit' to Mark Chinese New Year