Current location:Global Gateway news portal > health
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Global Gateway news portal2024-05-21 23:56:24【health】2People 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://turkey.nanorelatosmagicos.com/content-92a699276.html
Very good!(38182)
Related articles
- Company wins court ruling to continue development of Michigan factory serving EV industry
- Seattle Kraken fire coach Dave Hakstol after leading the franchise for its first 3 seasons
- Philips will pay $1.1 billion to resolve US lawsuits over breathing machines that expel debris
- Historic woods turned into 'desolate wasteland' by fly
- LeBron James UNFOLLOWS Diddy on Instagram after video of assault on ex
- Former NSA worker gets nearly 22 years in prison for selling secrets to undercover FBI agent
- How to watch the Kentucky Derby
- Seattle Kraken fire coach Dave Hakstol after leading the franchise for its first 3 seasons
- Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia
- Shocking moment drink
Popular articles
Recommended
Tourism boosts China's social, economic development
Shocking moment drink
Deepfake of principal's voice is the latest case of AI being used for harm
Bruins, Hurricanes, Canucks and Avalanche look to advance to second round of the NHL playoffs
Jodie Turner
Russell Brand announces plan to be baptised as it's 'an opportunity to leave the past behind'
Historic woods turned into 'desolate wasteland' by fly
2 hikers drown after falling into creek on Tennessee trail
Links
- Jordan stations 2 firefighting helicopters in Cyprus to help as summer fire season arrives
- Hospital operator Steward Health Care files for bankruptcy protection
- Defending national champion LSU boosts its postseason hopes with series win against Texas A&M
- Nigerian journalist's arrest last week triggers criticism of worsening press freedoms
- Coach Amorim vows to stay with Sporting Lisbon after winning another Portuguese league
- NBC will stick with dual announcers and analysts for the US Open
- Polish prosecutors open investigation after judge flees to autocratic Belarus
- Atalanta comes from behind to beat Salernitana and improve Champions League chances
- Revealed: Bernard Hill's touching seven
- North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building