Joe Biden calls for tripling of tariffs on Chinese steel:
US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in ...
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Key FactsJoe Biden Calls for Significant Increase in Tariffs on Chinese Steel
Apr 17 24 · Reading time: ~30 sec.
Summary created with AI assistance · Source: ft.com
Summary created with AI assistance · Source: ft.com
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
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