Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Release time：2024-05-21 21:21:33 Source：Stellar Station 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：Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed
- Next：Election 2024: Biden and Trump bypassed the Commission on Presidential Debates
Related articles
- Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
- Palestinian president approves new gov't headed by Mohammad Mustafa
- Xizang Opens Its First Multi
- 'Mom's Taste' Brings Wealth to Women
- Verona confirms Serie A status for another year after beating Salernitana
- Station Provides Family Education Guidance Service
- Event to Promote Love of Reading to Be Held in Kunming
- Knowledge Contest Promotes Protection of Women's Rights
- With Djokovic awaiting the winner, Murray trails Hanfmann at rain
- 2024 China Internet Media Forum Opens in Yunnan Province
- UN Security Council rejects Russia
- China's Maternal, Infant Mortality Rates Continue to Drop
- Chinese artistic swim sister duo bags back
- China's smartphone output surges in first two months
- US overdose deaths dropped in 2023, the first time since 2018
- China's energy
- Women Aerospace Scientists Share Sci
- Israel withdraws all ground troops except for one brigade from southern Gaza: media reports
- Four people killed in a house explosion in southwestern Missouri
- Asian Film Festival Welcomes Week of Chinese Works
Random recommendation
- Copyright © 2024 Powered by Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports ,Stellar Station news portal sitemap