Current location:Cultural Crossings news portal > style
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Cultural Crossings news portal2024-05-22 03:45:37【style】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://chad.spaceforanything.com/content-03a699351.html
Very good!(96)
Related articles
- Macron is making a surprise trip to New Caledonia amid deadly unrest and indigenous frustration
- Russia election: Arrests for vandalism as ballot boxes targeted in Putin vote
- Public servants want to know if management positions will be on the chopping block
- VOX POPULI: Voters won’t forget ‘politics of oblivion’ in the next election
- Judge orders man accused of opening fire outside Wrigley Field held without bail
- VOX POPULI: LDP lawmakers’ remarks about political funds create a paradox
- VOX POPULI: Leadership skills of the past are missing in the politics of today
- VOX POPULI: ‘Dandara’ puns still entertain amid destroyed shops of Wajima
- JoJo Siwa goes wild: Karma singer accused of getting drunk at Disney World after turning 21
- US Treasury Secretary Yellen visits China for high
Popular articles
Recommended
Trump film shocks Cannes as former US President is depicted 'raping' his then
VOX POPULI: Celebrating the arrival of spring the same way as in ‘Tale of Genji’
How Kate body
Unexplained Tākaka death not suspicious
Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
Shi Fu Miz 2023: Hong Kong music & art festival returns to Cheung Chau farm, expands to 3 days
Israeli parliament approves amended 2024 budget to fund Gaza war
VOX POPULI: LDP lawmakers’ remarks about political funds create a paradox
Links
- China Wins 6th Straight Women's Title at Table Tennis Team Worlds
- Lahuahua Groups Interpret Volunteerism with Actions
- Former China coach pleads guilty to taking over $7 million in bribes
- Woman Devotes Decades to Passing on Traditional Ethnic Brocade Craft in S China's Hainan
- China's Paddler Xie Claims 1st Gold of Hangzhou Asian Para Games
- Chinese Artistic Swim Sister Duo Bags Back
- Woman Seeks to Showcase Dong Culture
- Young Bullet Train Conductor Striving for Splendid Youth
- China Beats Thailand to Keep Olympic Qualification Hope Alive
- Miao Girl Makes Intangible Cultural Heritage Alive in SW China