Current location:business >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
business25People 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.“Global Glance news portal”。http://tokelau.adventistmissionjapan.org/content-14a399675.html
Related articles
DR MARTIN SCURR: How losing your hearing may cause dementia
businessQ: You said in a column last month that poor hearing is linked to dementia risk. Could you please ex ...
【business】
Read moreACWF Holds 2nd Session of 12th Executive Committee Meeting in Beijing
businessContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【business】
Read moreMore Foreign Organizations Support Chinese Women in Battle Against COVID
businessContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【business】
Read more
Popular articles
- Colin Jost left red
- Summer Vacation Campaign of Caring for Children Launched
- ACWF President Stresses Joint Efforts to Enhance Guidance on Family Education
- National Parent
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- ACWF Stresses Women's Federations' Role in Supporting Women Talents in Science and Technology
Latest articles
Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
Premier League to introduce semi
Incredible Stories of 40 Heroines in Anti
ACWF, NWCCW to Strengthen Protection for Children in Need amid COVID
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
ACWF Leaders Inspect Novel Coronavirus Control Efforts at CWU
LINKS
- Xi Leads Way in Combating Beijing, Hebei Floods
- Fiji pins growth hopes on Chinese tourists, plans direct flights from HK
- More young Chinese people becoming fans of extreme sports
- Prehistoric reptile fossil found in China's Three Gorges area
- Chinese gymnastics girls undertake first national team Olympic trial
- Benitez's Dalian side held to draw by Shanghai Shenhua in Chinese Super League
- A glimpse of the Beijing Olympic Museum
- Press conference for 2020 Chinese National Athletics Championships held in Shaoxing, Zhejiang
- Xi Calls for Breaking New Ground in China's High
- Xi Presents Order to Promote Military Officers to Rank of General