Biden wants to triple China tariffs on steel, aluminum imports
Publishing timestamp: 2024-04-17 15:02:58
Summary
President Biden is calling to triple the current 7.5% China tariff rate on steel and aluminum imports due to concerns about oversupply of clean energy products subsidized by Beijing. This move is seen as an effort to protect American workers and ensure fair competition, but could have unintended economic consequences. Biden is also maintaining a hawkish stance on China as he competes for blue-collar workers' votes.
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Keywords: u.s. economy, donald trump, business news, government and politics, china, janet yellen, joe biden, nippon steel corp, breaking news: politics, elections, united states, environment, politics, defense,
Source: https://www.cnbc.com/2024/04/17/biden-wants-to-triple-china-tariffs-on-steel-aluminum-imports.html