Biden angling to triple tariffs on Chinese steel
Briefly

President Joe Biden is calling for a tripling of tariffs on Chinese steel and aluminum to protect American producers from a flood of cheap imports, and will pitch his election-year plan during a visit Wednesday with steelworkers in Pennsylvania.
The move reflects the intersection of Biden's international trade policy with his reelection effort, aiming more at shielding American manufacturing from unfair trade rather than energizing a union audience.
The Biden administration also promised to pursue antidumping investigations against countries and importers attempting to flood markets with Chinese steel, collaborating with Mexico to prevent circumvention of tariffs.
President Biden opposes Japan's Nippon Steel acquiring U.S. Steel, highlighting the importance of American ownership, and is set to announce a request to increase tariffs through the U.S. Trade Representative.
Read at www.mercurynews.com
[
add
]
[
|
|
]