Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-22 02:48:24 Source：World Window 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：French sports minister calls for sanctions after Monaco player tapes over anti
- Next：Company wins court ruling to continue development of Michigan factory serving EV industry
Related articles
- 'The Apprentice,' about a young Donald Trump, premieres in Cannes
- China to launch new round of joint int'l giant panda conservation cooperation efforts
- The US is expected to block aid to an Israeli military unit. What is Leahy law that it would cite?
- Andrew Garfield looks loved
- Candice Swanepoel wows in a shimmering black flared jumpsuit as she joins ab
- China to launch new round of joint int'l giant panda conservation cooperation efforts
- The culinary game at MLB ballparks has exploded in the past 20 years. Eating healthy is a challenge
- Norway’s King Harald, Europe’s oldest monarch, is back at work after pacemaker implants
- Verona confirms Serie A status for another year after beating Salernitana
- North Korea files short
- These hilarious notices will make you do a double take
- Jokic, Gilgeous
- David Beckham moves wife Victoria to tears with emotional speech at her star
- Former FAU standout Alijah Martin signs with Florida over Alabama, Arkansas, Michigan and others
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- Alcaraz and Nadal continue recovery from injuries at Madrid Open while Djokovic skips tournament
- Top procuratorate reports legal oversight work in 2023
- The US is expected to block aid to an Israeli military unit. What is Leahy law that it would cite?
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- Brian McKnight's estranged son Niko McKnight and ex
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,World Window news portal sitemap