Current location:Culture Circle news portal > politics
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Culture Circle news portal2024-05-21 23:49:36【politics】1People 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.
Address of this article:http://mongolia.boluescortbayan.net/content-14e599465.html
Very good!(625)
Related articles
- My fiancé died on the morning of our wedding day
- Pregnant Jenna Dewan puts her bump on display in figure
- Endangered listing for lizard could slow oil, gas drilling in New Mexico, West Texas
- Frontier Airlines, stuck in a money
- China vows to actively promote restoration of int'l flights
- Legendary NFL center Jim Otto dies aged 86
- Nick Jonas reveals his newly
- Shohei Ohtani delivers a walk
- New York Liberty improve to 4
- China eases int'l travel to meet outbound tourism demand
Popular articles
Recommended
The fightback begins: Boss of London's Queen Mary University tells pro
PGA Championship at a glance
Elizabeth Hurley, 58, displays her incredible figure in a white bikini on holiday
What is chaos gardening? The new low
Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
Candidates begin registering in complicated process to select Thailand's new Senate
Elizabeth Hurley, 58, displays her incredible figure in a white bikini on holiday
Eva Longoria is sheer perfection in see
Links
- JAN MOIR: Why JK Rowling SHOULDN'T forgive the weaselly band
- Former footballer Joe Thompson, 35, is diagnosed with cancer for the third time
- Kings and royal princes were the rock stars of their day
- Hamas delegation leaves Gaza truce talks in Cairo without deal
- WorkSafe interim chief executive Steve Haszard resigns months into job
- Meghan Markle continues to wear neutral clothing four years on from the Sussex's 'freedom flight'
- Former footballer Joe Thompson, 35, is diagnosed with cancer for the third time
- U.S. dispatches general in charge of the Middle East to F
- It's discreet, stylish and very, very British
- Princess Beatrice and Edoardo Mapelli Mozzi are all smiles as they join his mother