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The United States Steel Mon Valley Works Clairton Plant in Clairton, Pa., is shown on Feb. 26, 2024. President 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 surprisingly similar approaches. (AP Photo/Gene J. Puskar, File)

Trump or Biden? Either way, U.S. seems poised to preserve heavy tariffs on imports

By Paul Wiseman - Associated Press

FILE- This June, 28, 2018, photo shows rolls of finished steel at a facility in Granite City, Ill. The president frequently boasts that the taxes he’s imposed on imports, steel and aluminum and nearly half of all goods from China, have showered the U.S. Treasury with newfound revenue. “We are right now taking in $billions in Tariffs,’’ President Donald Trump tweeted last month. “MAKE AMERICA RICH AGAIN.’’ Yet the fact is that tariffs like Trump’s account for barely 1 percent of federal revenue. (AP Photo/Jeff Roberson, File)

Trade war’s wounded: Companies improvise to dodge cost hikes

By PAUL WISEMAN - Associated Press