Current location:opinions >>
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
opinions6People 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.“Universal Unfoldings news portal”。http://malta.downmusic.org/content-70e199861.html
Related articles
Ricky Stenhouse punching Kyle Busch could lead to suspension
opinionsNORTH WILKESBORO, N.C. (AP) — Ricky Stenhouse Jr. threw a right hook at Kyle Busch, and suddenly, an ...
【opinions】
Read moreChina welcomes Hungary's visa facilitation measures: FM spokesperson
opinionsChina welcomes a move by Hungary to facilitate visa for Chinese citizens visiting the country for in ...
【opinions】
Read moreBRI an 'opportunity for all', says FM
opinionsForeign Minister Wang Yi reaffirmed China's pledge to make the Belt and Road Initiative "a lasting o ...
【opinions】
Read more
Popular articles
Latest articles
LINKS
- Ethnic minority students participated in a fun campus game to welcome the Asian Games
- Ancient answers to modern questions
- Xi Focus: Xi Calls for Giving Better Play to Constitution's Role in Governance
- China to join Cobra Gold 2024 military exercise in Thailand
- Climate complicates heritage preservation
- Insights丨Former official of WEF: China's economic shift promising through sustainable development
- A drink heritage to cherish
- Xi to Attend BRICS Extraordinary Virtual Summit on Palestinian
- China to export commuter trains to Indonesia for first time
- Xi Focus: Xi's Shanghai Inspection Tour Sends Signal of High