Current location:politics >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
politics9515People 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 Essence news portal”。http://portugal.unhasdecoradas.org/html-25a799232.html
Related articles
Bichette has 4 hits, Berríos snaps 4
politicsTORONTO (AP) — Bo Bichette had three doubles among his four hits, José Berríos pitched six solid inn ...
【politics】
Read moreChina's scientific research activities in relevant waters for peaceful purposes
politics"China's scientific research activities in relevant waters are for peaceful purposes and aimed at co ...
【politics】
Read morePresident Xi Jinping's Letter Presented to American Students
politicsContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【politics】
Read more
Popular articles
- Climber found dead on Denali, North America's tallest peak
- China's foreign trade starts on steady note in 2023
- Chinese company signs MoU with Ethiopia to light up off
- Macao's electoral affairs commission for chief executive election takes office
- Jude Bellingham's new model girlfriend Laura Celia Valk looks sensational in a figure
- Domestic tourism industry set for 'full recovery' by summer
Latest articles
LINKS
- Central gov't lauds passage of safeguarding national security bill in HKSAR
- Pic Story of Raptor Rehabilitator in NE China
- Young Girls in Henan Dream of Soccer Glory
- Pic Story: Protector of Black
- Sports Geography
- Women Hold up 'Half the Sky' in China's Scientific Research
- China sweeps 3 golds as badminton concludes at Hangzhou Asiad
- Pic Story of Flower
- Zhang ousted by Humbert at Monte Carlo Masters
- My Olympic Winter Games Story: The Dream That Keeps Me Going