Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-22 00:29:30 Source：Starry Scope 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：Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- Next：Dodgers acquire pitcher Yohan Ramírez from Mets for cash
Related articles
- The fightback begins: Boss of London's Queen Mary University tells pro
- Lack of government experts sinking Lao energy and mines sector — Radio Free Asia
- Attend flag ceremony or miss key math exam, Hong Kong student told — Radio Free Asia
- After 40 years in Park City, Sundance exploring options for 2027 film festival and beyond
- Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
- Tip leads to arrest in cold case killing of off
- Phish's Trey Anastasio on playing the Sphere, and keeping the creativity going
- Lack of government experts sinking Lao energy and mines sector — Radio Free Asia
- Who is Jacob Zuma, the former South African president disqualified from next week's election?
- OJ Simpson has been cremated, estate attorney in Las Vegas says
- Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
- Who owns businesses in California? A lawmaker wants the public to know
- California sets long
- US says China is funding America’s fentanyl crisis — Radio Free Asia
- Minnesota Equal Rights Amendment fails in acrimonious end to legislative session
- After 40 years in Park City, Sundance exploring options for 2027 film festival and beyond
- Florida's Bob Graham dead at 87: A leader who looked beyond politics, served ordinary folks
- Bank of America profits plunge 18% due to rise in customer credit card delinquencies
- Children are evacuated from school 'during an exam' after threat made via email
- Josh Smith's pinch
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,Starry Scope news portal sitemap