Current location:opinions >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
opinions315People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Spectrum news portal”。http://sierraleone.campingcolorado.net/html-14a799202.html
Related articles
Eleanor Tomlinson puts on a leggy display in sparkly black minidress as she joins co
opinionsEleanor Tomlinson, Stephen Merchant and Jessica Gunning reunited on Monday at a special screening of ...
【opinions】
Read more2 climbers reported missing on California's Mount Whitney are found dead
opinionsINDEPENDENCE, Calif. (AP) — Two climbers reported missing this week on California’s towering Mount W ...
【opinions】
Read moreInside Jackass star Steve
opinionsFormer hellraiser and Jackass icon Steve-O shocked fans recently when he revealed he was leaving Hol ...
【opinions】
Read more
Popular articles
Latest articles
Red Lobster seeks bankruptcy protection after closing some restaurants
Marcus Armstrong pays tribute to cancer patients with special paint job for Indy Grand Prix
Woman who grew up in polygamist Mormon CULT lays bare horrifying truth about INCEST inside the sect
Ted Danson, Woody Harrelson, Jon Stewart to premiere new podcasts in early June
UN Security Council rejects Russia
Richard Gadd reveals tears were shed on set of Baby Reindeer during filming of sexual assault scene
LINKS
- Columbia University classes go remote as U.S. campuses divided over Israel
- Utah hockey fans welcome the former Arizona Coyotes to their new home
- Chinese company issues carbon
- Lithuanian soprano Asmik Grigorian makes belated Metropolitan Opera debut as Madame Butterfly
- Sydney church stabbing: Australian police charged five teens following anti
- Princess Charlotte's adorable talent that makes her mother Kate Middleton 'very happy'
- Trump will be in NY for the hush money trial while the Supreme Court hears his immunity case in DC
- Rebuilding Sharks fire coach David Quinn after 2 disappointing seasons
- Pesce's injury could mean a larger role for DeAngelo in the playoffs for the Hurricanes
- County in rural New Mexico extends agreement with ICE for immigrant detention amid criticism