Current location:Global Glean news portal > world
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
Global Glean news portal2024-05-21 22:04:16【world】3People 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://congodemocraticrepublicofthe.popular-vines.com/html-69c998966.html
Very good!(76884)
Related articles
- Ship that caused Baltimore bridge collapse has been refloated
- Biden, Marcos announce infrastructure plans to counter Chinese projects
- Three sons of Hamas leader Ismail Haniyeh killed in Israeli airstrike
- Taylor Swift: Artist's music back on TikTok after dispute
- Strictly star Nadiya Bychkova reveals she doesn't know if she's on the show's 2024 line
- VOX POPULI: Look up from your smartphone and see the world around you
- Government warned against repealing Oranga Tamariki's Treaty commitments
- VOX POPULI: Professionalism will be the key to successful ride
- The 13 style rules that every midlife woman MUST follow (and yes, beige really is banned!)
- Prisoner and corrections officers take refuge in van after shots fired
Popular articles
Recommended
Amal Clooney played key role in ICC bid to request arrest warrants for Israeli PM and Hamas leader
Brazil calls for taxing super
20 years later, Abu Ghraib detainees get their day in US court
IDB, Brazil’s Central Bank sign agreement to support green investments
France is trying Syrian ex
VOX POPULI: Message for this year’s rookie workers: You are an empty glass
Brazil's Central Bank reduces basic interest rate to 10.75% per year
Waikato schoolchildren pitch into major kiwi relocation project
Links
- Robin Goodfellow's racing tips: Best bets for Friday, April 12
- Dame Kiri Te Kanawa honoured for her achievements in Parliament
- I found out my daughter is not biologically mine
- Global democracy rankings: Australia in top 10 nations
- Dame Kiri Te Kanawa honoured for her achievements in Parliament
- Design doubles: Pink loafers
- Why Kate Middleton waited to announce her cancer diagnosis
- Ministry of Health calls staff meetings as job cuts loom
- I refused to accept my neighbour's parcel
- Masterful meals: Masterchef 2014 Champion Ping Coombes's nasi goreng with sambal belacan