Current location:world >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
world34831People 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.“Stellar Station news portal”。http://britishvirginislands.antjekoch.com/article-70e998967.html
Related articles
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
worldLOS ANGELES (AP) — The Los Angeles Dodgers acquired pitcher Yohan Ramírez from the New York Mets for ...
【world】
Read moreLanguage Service Added to China's Emergency Response
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read moreChina to Increase Per Capita Sports Area to 2.6 SQM in 2025
worldContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【world】
Read more
Popular articles
Latest articles
Auburn running back Brian Battie on ventilator after weekend shooting in Florida, coach says
World Book Day Marked Across China
IOC President Writes Letter Thanking Beijing 2022 Volunteers
China Reduces Personal Income Tax for Parents of Children under 3
Tom Brady and Jay
Across China: Gen Z Injects New Life into Traditional Tibetan Costumes
LINKS
- Angie Harmon sue Instacart, former shopper who shot and killed her dog
- Special bonds aim to promote demand, growth
- Wisconsin election officials fear voter confusion over 2 elections for same congressional seat
- Ethiopia protests US ambassador's speech after he calls for release of political prisoners
- Industrial scale of Sino
- Three soccer players arrested over alleged match
- China unveils plan to galvanize NEV uptake in rural areas
- Walmart, Canada Goose rise; Deere, Freeport
- Squad sizes for Copa America teams expanded from 23 players to 26
- Catching Freedom shows why it was an 'easy decision' to enter him in the Preakness