The proposed tariffs would triple the existing bar set on Chinese imports, leading to a 25% increase for some materials and an increase for others from 0% or 7.5%.
Biden emphasizes the importance of American steel to the economy and national security, noting its historical significance in fueling industrialization and building the middle class.
The Administration aims to boost the U.S. economy by proposing higher tariffs on Chinese steel and aluminum, promoting American-made steel in infrastructure changes.
There are concerns about China's unfair trade practices, prompting the Biden-Harris Administration to take action to protect American industries from such practices.
#biden-administration #import-tax #american-steel-industry #china-trade-practices #infrastructure-changes
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