U S businesses getting anxious as Trump s China tariffs remain: media shanghaisun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from shanghaisun.com Daily Mail and Mail on Sunday newspapers.
After Donald Trump took office for four years, American companies looking forward to new approaches to international trade policy asked the Biden administration a question: What will happen to the tariffs he imposed on China?
The unbalanced trade balance with China, the largest source of U.S. imports, has become a fixed factor in Donald Trump’s trade policy. He imposed tariffs on billions of dollars of Chinese goods including clothes, shoes and food, which disappointed the business groups that had supported him in tax cuts and deregulation.
However, under Joe Biden’s leadership, most of the tariffs still exist, and some American business groups have become anxious.
A gull looked out from a perch and surveyed Lake Michiganâs southern shore. With a turn of its head, the bird clocked visitors in search of beach glass, a boy to the right rolling down the dunes and a brave spring swimmer fully submerged. A long sweep of sand under a bright sky called out to the Memorial Day crowd.
Lake Michigan is easing up â after swallowing shorelines, flooding coasts and breaking records â and just in time for beach season.
Levels have lowered from record highs as part of an overall Great Lakes downswing. The receding water has been welcomed by some beach towns and lakefront parks that weathered destruction in recent years. A group of Great Lakes officials estimated at least $500 million of damage in cities last year.
The shift doesn’t mean shoreline communities are in the clear. Many are still working to preserve what’s left of disappearing bluffs, repair crumbling paths or get ahead of the next rise.