President Biden on Wednesday called for tripling the tariff rate on steel and aluminum imported from China, a move aimed at preventing American manufacturers from being undercut by lower-cost imports.
President Biden on Wednesday called for tripling the tariff rate on steel and aluminum imported from China, a move aimed at preventing American manufacturers from being undercut by lower-cost imports.
Mr. Biden said he’ll ask United States Trade Representative Katherine Tai to triple the existing 7.5% tariff.
“They’re not competing, they’re cheating and we’ve seen the damage here in America,” Mr. Biden said of China during remarks at the U.S. Steel Workers headquarters in Pittsburgh.
The president’s remarks to the powerful labor union were part of his three-day campaign swing through battleground Pennsylvania. He is touring the state making his economic pitch to voters.
Mr. Biden also announced a new trade representative investigation into China‘s aggressive support for shipbuilders and other related industries, after unions complained about what they view as Beijing’s anti-competitive practices. He will also unveil a series of initiatives to work with Mexican officials to block China from evading American steel tariffs by moving its exports through Mexico.
