Current location:politics >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
politics85846People 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.“Culture Compass news portal”。http://mauritius.downmusic.org/html-70f999022.html
Related articles
Tom Brady and Jay
politicsA small group of NFL rookies from the 2024 class, including Caleb Williams and Drake Maye, sat down ...
【politics】
Read moreLivvy Dunne hints she may NOT return to LSU for a fifth year
politicsAfter winning the NCAA title with the LSU gymnastics team, Olivia Dunne remains uncertain about her ...
【politics】
Read moreThe slang that makes you seem old: 'LOL, LMAO, YOLO, and BRB' make you seem dated and old
politicsUsing slang like 'OMG', 'LMAO' and 'YOLO' can make you seem old, according to Gen Z.While internet a ...
【politics】
Read more
Popular articles
- UN Security Council rejects Russia
- Olympian Kristi Yamaguchi is 'tickled pink' to inspire a Barbie doll
- Tunisia recovers the bodies of 19 migrants who attempted to cross the Mediterranean to Europe
- How RFK Jr's well
- Verona confirms Serie A status for another year after beating Salernitana
- Indonesia declares Prabowo Subianto president
Latest articles
Hilarious moment mother asks her Cocker Spaniel to help choose her lottery numbers
Taylor Swift fans use clues to work out the exact dates she recorded songs on record
Teresa Palmer dazzles in rhinestones and a plunging top in behind
Brian Tobin, former president of the International Tennis Federation, dies at age 93
China's first intelligent offshore drilling platform installed
North Korea sends officials to Iran amid suspected military cooperation — Radio Free Asia
LINKS
- Movement of pilot's seat a focus of probe into LATAM Boeing flight, report says
- Doctors who visited Gaza speak of 'atrocities', collapsing healthcare
- Staff shortages holding up prison improvements
- Australian foreign aid worker among five killed in Israel airstrike on Gaza
- China sees drop in new coronavirus cases
- Kiwi musicians boycott US festival SXSW due to defence industry sponsors
- Fashion designer Kate Sylvester to close the business after three decades
- Israel approves plan to attack Rafah but keeps truce hopes alive
- Roaming dogs kill up to 30 cats in one suburb as residents live in fear
- New Zealand to put 'every single effort' into getting free trade deal with India