Current location:International Image news portal > world
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
International Image news portal2024-05-22 03:29:41【world】9People 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.
Address of this article:http://cameroon.fictionsmistress.com/article-70b299632.html
Very good!(7477)
Related articles
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Core blimey: Bramley & butternut squash soup with gorgonzola cream
- FIRST LOOK: As Laura Ashley relaunches, how does it stack up against its vintage heyday?
- Food writer baffles This Morning viewers with tips for cheap lunches
- Should you claim child benefit? What it's worth
- JULIE BURCHILL: Why I spread rumours about Kate
- How 'hands
- 'Commonsense' win as fish exports to US given all
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- How 'hands
Popular articles
Recommended
Ohio judge to rule Monday on whether the state’s abortion ban stands
I lost everything I owned in a storage unit fire where I stored my possessions after a break
Ashley Roberts puts on a leggy display in a tiny mini
Ashley Roberts puts on a leggy display in a tiny mini
Israeli army says it kills over 130 militants in E. Rafah
Edoardo Mapelli Mozzi drives wife Princess Beatrice and his son Wolfie and sister
‘An immortal of our incredible game’
Florida lawmakers pass bill to ban social media for children under 16
Links
- Highlights of Asian Cup 2022
- Used goods proving to be trendy commodities
- Argentina wins friendly match as fans give warmest of welcomes in Beijing
- Steeled for an almighty challenge
- Friendly visa policies to help boost tourism
- Decade after divorce, woman finds new life on two wheels
- China's Wang, Sun crowned at WTT Champions Macao 2022
- Pic story: traditional folk sport goat
- Xi Says BRICS Important Force in Shaping Int'l Landscape
- R&D seen as key to success of private firms