Current location:health >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
health66People 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.“Worldly Weave news portal”。http://caymanislands.quotesbonanza.com/html-69e199744.html
Related articles
Seven sneaky clauses in estate agent contracts that can cost you dear
healthWhen it comes to picking an estate agent, for most people their mind is made up long before the cont ...
【health】
Read moreA monument to heroes
healthDespite fewer visitors to Chengdu during the pandemic, its centuries-old Temple of Marquis Wu remain ...
【health】
Read moreChina launches new remote sensing satellite
healthA Long March-2D carrier rocket carrying Gaojing-3 01 satellite blasts off from the Jiuquan Satellite ...
【health】
Read more
Popular articles
- Tourism boosts China's social, economic development
- Islamic State
- China beats Philippines at Asian Women's Volleyball Championship
- Scheffler turns the Masters into another Sunday yawner with a dominating win
- Amir Khan's £11.5m luxury wedding venue finally hosts its first marriage: Bride arrives on horse
- China releases typical cases endangering national security
Latest articles
These hilarious notices will make you do a double take
Hapoel Tel Aviv, Hapoel Jerusalem reach Tel Aviv Winner Tournament final
China issues stamps featuring UNESCO site Pingyao ancient city
Art reshapes rural scene in SW China village
I visited the most crowded island on Earth
China's porcelain capital attracts migratory foreign designers
LINKS
- Eva Mendes gushes over 'my Cuban Papi' Ryan Gosling after he wears T
- Caratini's 2
- Harvey Weinstein to return to court Wednesday after his NY rape conviction was overturned
- 17th Chinese Bridge language competition held in Bulgaria
- Drury, Noesen help Hurricanes beat Islanders 6
- Biden administration details how producers of sustainable aviation fuel will get tax credits
- ROBERT HARDMAN: When Charles wears his T
- Phones, Islamic books and currency exchange. Some businesses are making money out of Taliban rule
- More than 50 injured after Los Angeles Metro train collides with USC bus
- OpenAI lawsuit: Eight major U.S. newspapers sue ChatGPT