Current location:health >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
health173People 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.“Stellar Station news portal”。http://faroeislands.soorot.com/html-14a699352.html
Related articles
Demi Moore, 61, says full
healthDemi Moore has revealed her shock full frontal nudity scenes in acclaimed new film The Substance wer ...
【health】
Read moreUnion Pacific's first
healthOMAHA, Neb. (AP) — Union Pacific’s first-quarter profit crept 1% higher as the railroad tightened up ...
【health】
Read moreAmazon unit plans to invest $11 billion to data center in Indiana
healthNEW CARLISLE, Ind. (AP) — Amazon ’s cloud computing unit Amazon Web Services plans to invest $11 bil ...
【health】
Read more
Popular articles
- Four people killed in a house explosion in southwestern Missouri
- South Carolina championship
- 4 die in fiery crash as Pennsylvania police pursued their vehicle
- US to pull troops from Chad and Niger as the African nations question its counterterrorism role
- Jodie Turner
- 'Deadpool & Wolverine' is (almost) ready to shake up the Marvel Cinematic Universe
Latest articles
Ravens sign WR Qadir Ismail, the son of former NFL receiver Qadry Ismail
Brazilian authorities bury deceased migrants who drifted in African boat to the Amazon
U.S. labor secretary says UAW win at Tennessee Volkswagen plant shows southern workers back unions
Countertenor Anthony Roth Costanzo to become general director of Opera Philadelphia
Harris accepts debate invite to face off with Trump's VP pick, which may come at convention
Early voting begins for North Carolina primary runoff races
LINKS
- Lottery, gambling bill heads to Alabama legislative conference committee for negotiations
- Ludvig Aberg backs up the hype, finishes 2nd at the Masters in his first major
- Justice Thomas returns to Supreme Court after 1
- Treasurer denies South Carolina Senate accusation he risked cyberattack in missing $1.8B case
- Southern governors tell autoworkers that voting for a union will put their jobs in jeopardy
- Imprisoned drug
- Home values rising in Detroit, especially for Black homeowners, study shows
- China's spy agency encourages people to see spies everywhere — Radio Free Asia
- US lawmakers relaunch Uyghur caucus — Radio Free Asia
- The Sky added plenty of star power in the WNBA draft with Kamilla Cardoso and Angel Reese