Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-21 20:47:53 Source：Culture Corner news portal
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.
- Previous：Sophie Morgan suddenly quits ITV show Loose Women as she reveals plans for emigration
- Next：Six killed in a 'foiled coup' in Congo, the army says
Related articles
- Joe Rogan's 'brain
- Korean War veteran will finally get his Purple Heart medal, 73 years late
- Dominica joins other Caribbean islands in striking down laws prohibiting gay sex
- Capital FM's reveals Nicki Minaj's major diva moment when she refused to do interview
- Bella Hadid goes braless in a thigh
- Six winners of the Mail's Inspirational Women Awards are honoured in glittering ceremony in London
- Jeep maker Stellantis to lay off an unspecified number of factory workers in the coming months
- Tennessee passes bill to allow armed teachers in public schools
- Wildfires sweep across Finland, straining rescue services
- De La Cruz powers Reds to 8
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- José Ramírez homers as Guardians continue best start in franchise history with 4
- Biden to speak at Morehouse College commencement
- Olé ello ello! Off
- Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
- Brits are told to 'go home' as anti
- Bobrovsky makes incredible save during Panthers
- Suspect in break
- BBC Countryfile star Adam Henson's wife wrote heartbreaking goodbye letters after cancer diagnosis
- China unveils data of technically recoverable oil and gas resources
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,Culture Corner news portal sitemap