Current location:Culture Canvas news portal > style
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Culture Canvas news portal2024-05-22 02:47:40【style】5People 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://belize.arnoldview.org/content-36d998998.html
Very good!(2428)
Related articles
- The 13 style rules that every midlife woman MUST follow (and yes, beige really is banned!)
- Minister 'not convinced' Fire and Emergency needs further levy boost
- VOX POPULI: The war in Ukraine enters its 3rd year with no end in sight
- VOX POPULI: China remains same heartless nation as seen in grim 1984 film
- Brewers starter Joe Ross leaves after first inning vs. Marlins with lower back strain
- Brick Lane: Chinese political slogans appear on famous London street
- Coronavirus China update: China's funeral homes overcrowded amid COVID
- Immigration tightening might only be temporary
- Pregnancy app used by the NHS accused of 'imposing gender ideology'
- Donald Trump's Georgia judge dismisses some criminal charges
Popular articles
Recommended
France is trying Syrian ex
VOX POPULI: LDP’s Nikai’s ‘expenditures’ on books must make libraries weep
VOX POPULI: Use of honorifics complex at times and not always appropriate
VOX POPULI: Seven years on, the Moritomo Gakuen scandal still unexplained
Sienna Miller's lookalike daughter Marlowe, 11, makes her first ever red carpet appearance
Education Ministry workers on tenterhooks awaiting job cuts news
Politics updates: Follow updates for the latest on government targets
Woman charged over Auckland hit
Links
- Maui to hire expert to evaluate county's response to deadly wildfire
- Braves make 2 deals with infielders, adding Short from Red Sox and sending Guillorme to Angels
- How major US stock indexes fared Thursday, 5/9/2024
- 2 climbers reported missing on California's Mount Whitney are found dead
- The CDC issues a report about infections from stem
- Croatia conservative leader Plenkovic appointed as prime minister
- Hall of Fame defensive back Jimmy Johnson dead at age 86
- Victoria Beckham shows off her chiselled face and flawless skin as she shares her trusty make
- Pope urges Italians to have babies as a measure of hope for future
- Abbey Clancy reveals her husband Peter Crouch once sent a very inappropriate text to her mum