Biden is seeking higher tariffs on Chinese steel as he courts union voters

business2024-05-18 00:22:147

SCRANTON, Pa. (AP) — President Joe Biden is calling for a tripling of tariffs on steel from China to protect American producers from a flood of cheap imports, an announcement he planned to roll out Wednesday in an address to steelworkers in the battleground state of Pennsylvania.

The move reflects the intersection of Biden’s international trade policy with his efforts to court voters in a state that is likely to play a pivotal role in deciding November’s election.

The White House insists, however, that it is more about shielding American manufacturing from unfair trade practices overseas than firing up a union audience.

In addition to boosting steel tariffs, Biden also will seek to triple levies on Chinese aluminum. The current rate is 7.5% for both metals. The administration also promised to pursue anti-dumping investigations against countries and importers that try to saturate existing markets with Chinese steel, and said it was working with Mexico to ensure that Chinese companies can’t circumvent the tariffs by shipping steel there for subsequent export to the U.S.

Address of this article:http://suriname.nanorelatosmagicos.com/content-08a599428.html

Popular

West Virginia candidate hospitalized after being bitten by snakes while removing campaign signs

Chris Pine again wears his I Love LA T

Chinese designs gaining popularity in Milan

At time of rising antisemitism, Holocaust survivors take on denial and hate in new digital campaign

The Latest

Katie Holmes goes makeup

F1 'ten years' away from more Chinese drivers, Zhou

Draisaitl scores twice as Oilers beat Kings 4

LINKS