Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-22 00:06:18 Source：Culture Cross 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：Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
- Next：Supreme Court rejects an appeal from a Canadian man once held at Guantanamo
Related articles
- Georgia Republicans choose Amy Kremer, organizer of pro
- US Assessing Expansion of Chip Export Controls Impacting China's Military
- New Zealand man killed in suspected hit
- Protest against fast
- Kevin Pillar gets 1,000th career hit in Angels' win at Texas
- New Zealand is in a recession: What you need to know
- Jessica Boyce: Police offer $100k reward in Blenheim cold case
- No firm date for reopening of Picton's Dublin Street
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Planes collide at Heathrow, no one hurt
- Four people killed in a house explosion in southwestern Missouri
- Lack of reliability with trains sees Auckland commuters opt for the bus
- Luxon defends decision not to attend nationwide hui
- Feilding teacher underfed children, locked them in sleep room as punishment
- The government wants to buy their flood
- Muhammad Ali's 'Thrilla in Manila' trunks expected to sell for $10m
- Major geomagnetic storm lights up parts of New Zealand
- Donald Trump disqualified from Maine ballot in US presidential primary
- Cruise worker 'murders newborn son on board ship': Shocked co
- Event: Asia’s budding filmmakers prepare for Shorties Film Festival 2020
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,Culture Cross news portal sitemap