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

business2024-05-21 19:37:3563

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://cyprus.tokosaranateknik.com/html-19d699306.html

Popular

Brazil replaces injured goalkeeper Ederson in Copa America squad

Mosque attack in northern Nigeria leaves 8 people dead. Police say the motive was a family dispute

Hush money trial: Trump asks New York court to intervene in fight over gag order

Is Charles' portrait a warning about the future of the monarchy?

Shooting injures 2 at Missouri high school graduation ceremony

Shaquille O'Neal, 7ft1in, towers over Sarah Jessica Parker, 5ft3in, as the pair pose up at the star

Atlanta Dream moving two games vs Caitlin Clark

Emily Ratajkowski dazzles in plunging spiral print dress at the 2024 Whitney Gala

LINKS