Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-21 22:08:51 Source：Global Gesture 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：David Ortiz is humbled by being honored in New York again; this time for post
- Next：Ohio judge to rule Monday on whether the state’s abortion ban stands
Related articles
- Dodgers acquire pitcher Yohan Ramírez from Mets for cash
- Maradona’s missing trophy has resurfaced and will be auctioned in Paris
- Mexico tightens travel rules on Peruvians in a show of visa diplomacy to slow migration to US
- Pakistani security forces kill 6 militants in twin raids in volatile northwest near Afghanistan
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Lithuania defends banning Russian and Belarusian observers from monitoring upcoming election
- Malaysian soccer player splashed with acid, two others attacked in a week of rare violence
- German teams' success in Champions League disrupting Germany's Euro 2024 preparations
- JoJo Siwa goes wild: Karma singer accused of getting drunk at Disney World after turning 21
- FTX customers to get money back after catastrophic crypto collapse
- Uber and Lyft say they'll stay in Minnesota after Legislature passes driver pay compromise
- Pakistani security forces kill 6 militants in twin raids in volatile northwest near Afghanistan
- Jessica Biel reveals her unusual secret to getting red
- Stock market today: Asian shares mixed after calm day on Wall St
- Hall of Fame outfielder Ken Griffey Jr. to lead Indianapolis 500 field in Corvette pace car
- Freya Allan goes braless in a long
- Hong Kong court bans 'Glory to Hong Kong' song
- Poland detains and questions Russian man who illegally crossed from Belarus
- Sophie Morgan suddenly quits ITV show Loose Women as she reveals plans for emigration
- Eurovision viewers SLAM 'epilepsy
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,Global Gesture news portal sitemap