Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-22 00:37:18 Source：World Watch 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：Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
- Next：Cannes 2024: Studio Ghibli takes a bow with an honorary Palme d'Or
Related articles
- The 13 style rules that every midlife woman MUST follow (and yes, beige really is banned!)
- Minjiang River estuary nature reserve in Fujian, SE China
- Scenery of Sanhuan pastureland in Dalian, NE China's Liaoning
- Migratory whooper swans winter in Sichuan
- Travis Kelce downs whiskey shot on slice of bread at Kelce Jam without Taylor Swift
- GLOBALink
- China's resort island opens two more duty
- Xi's Speech at CPC in Dialogue with World Political Parties High
- Norwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024
- China’s national park system starts to yield fruits
- Baby Reindeer's real
- Tourism drives cultural and creative industries in SW China’s Tibet
- View of Shuangjiang ancient town in Chongqing
- Xi Focus: Xi Stresses Deepening Reform, Expanding Opening up, Advancing Chinese Modernization
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Enjoy tangyuan on Lantern Festival
- Xi Sends Congratulatory Message to Lanting Forum on Chinese Modernization and the World
- Scenery of Xiling Gorge amid the misty rain
- Jerry Seinfeld's stand
- Cat cafe in Bydgoszcz, Poland
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,World Watch news portal sitemap