Biden Wants to Increase Tariffs on Chinese Steel and Aluminum Imports

Biden Wants to Increase Tariffs on Chinese Steel and Aluminum Imports

Biden Wants to Increase Tariffs , on Chinese Steel and Aluminum Imports.br Speaking from the United Steelworkers br union in Pennsylvania on April 17.br Speaking from the United Steelworkers br union in Pennsylvania on April 17.br Biden will call on U.S. Trade Representative Katherine Tai to triple tariffs on Chinese br steel and aluminum, NPR reports. .br Biden will call on U.S. Trade Representative Katherine Tai to triple tariffs on Chinese br steel and aluminum, NPR reports. .br Those tariffs are presently at about 7.5.br While these Chinese imports "account for less than 1 of U.S. demand," the country's steel prices are 40 cheaper than America's, NPR reports. .br The White House is concerned that br this could prompt a surge of exports. .br China's policy-driven overcapacity poses br a serious risk to the future of the br American steel and aluminum industry, Lael Brainard, Biden's top economic adviser, via NPR.br The president understands br we must invest in American br manufacturing, but we also have br to protect those investments and br those workers from unfair exports. , Lael Brainard, Biden's top economic adviser, via NPR.br The Biden administration also sent officials to Mexico to discuss preventing Chinese steel from entering the U.S. via its southern neighbor. .br I want to emphasize our desire to br cooperate and partner with Mexico br on addressing imports coming in br to the North American market as br a way of circumventing tariffs, Senior administration official, via NPR.br I'm not going to get ahead br of the diplomatic conversations br that have happened today and br that will be happening in the br days and weeks to come. , Senior administration official, via NPR.br But I think we're hoping to come to br a mutually acceptable solution with br Mexico, because this is a problem that br affects both of our economies, Senior administration official, via NPR.br United Steelworkers recently endorsed Biden br after he voiced his opposition to a U.S. Steel takeover by Nippon Steel, a Japanese company. .br United Steelworkers recently endorsed Biden br after he voiced his opposition to a U.S. Steel takeover by Nippon Steel, a Japanese company.


User: Wibbitz Politics News

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Uploaded: 2024-04-17

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