Biden Calls for Tripling of Tariffs on Chinese Steel, Aluminum

Speaking at a campaign event in Pennsylvania, Biden called for the average tariff rate on Chinese steel and aluminum, which is currently 7.5%, to be tripled in order to combat “unfair Chinese trade practices” that are driving down prices and cutting into the profits of American manufacturers. This announcement follows recent pro-union moves from the Biden Administration, such as Biden’s recent promise to block the acquisition of U.S. Steel by a Japanese company.

As he campaigned for reelection in the"Steel City" of Pittsburgh, Biden aides said the U.S. president was proposing raising to 25% the tariffs imposed by his predecessor Donald Trump on certain Chinese steel and aluminum products. While speaking before the United Steelworkers union, Biden will call upon U.S. Trade Representative Katherine Tai to triple the tariffs from their average level of 7.5%.

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