US EditionTrump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
- Donald Trump's 25% tariff on foreign steel negatively impacted Clips & Clamps Industries, leading to increased material prices and lost contracts.
- Joe Biden maintained Trump's tariffs on steel, aluminum, and goods from China, providing little relief to affected businesses.
- Biden recently announced new tariffs on Chinese electric vehicles, batteries, and solar cells to prevent an influx of cheap imports.
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Trump or Biden? Either way, U.S. seems poised to preserve heavy tariffs on imports
WASHINGTON — 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.
·Montreal, Canada
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Associated Press News+15 Reposted by 15 other sources
Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
President Joe Biden and Donald Trump agree on essentially nothing, from taxes and climate change to immigration and regulation. Yet on trade policy, the two presumptive presidential nominees have embraced
·United States
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Total News Sources17
Leaning Left7Leaning Right2Center4Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 31%
15%
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