is calling for a tripling of tariffs on Chinese steel and aluminum to protect American producers from a flood of cheap imports, and will pitch his election-year plan during a visit Wednesday with steelworkers in Pennsylvania , where union support could prove crucial in the White House race.
In a brief exchange with reporters before leaving Scranton, Biden was asked about the escalating trade tensions with China and he responded, “No trade war.” Later, at Scranton’s war memorial, Biden crouched down and ran his fingers along the name of one of the fallen — uncle Ambrose J. Finnegan Jr., who died in World War II.
Meanwhile, U.S. Trade Representative Katherine Tai announced that her office, acting on a petition from five national labor unions, was investigating China for “targeting the maritime, logistics and shipbuilding sectors for dominance.”The administration has accused China of more broadly distorting markets and eroding competition by unfairly flooding the market with below-market-cost steel.
China produces about half of the world’s steel and is making far more than its domestic market needs. It sells steel on the world market for less than half what U.S.-produced steel costs, administration officials said.
Steel Tariffs White House China Unfair Trade Practices American Iron And Steel Institute American Steel Lael Brainard United Steelworkers Union Steel Products Pennsylvania
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