Joe Biden to call for tripling tariffs on Chinese aluminum, steel

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President Biden on Wednesday will call 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 Joe Biden arrives at Zummo’s Cafe, Wednesday morning, April 17, 2024, in Scranton, Pa., with Scranton Mayor Paige Cognetti, right. PITTSBURGH —

Mr. Biden will also announce a probe into China’s aggressive support for shipbuilders and other related industries after unions complained about what they view as Beijing’s anti-competitive practices. And he will unveil initiatives to work with Mexican officials to block China from evading American steel tariffs by moving its exports through Mexico.

Treasury Secretary Janet Yellen traveled to China last week, raising concerns that Beijing subsidies are creating an oversupply of clean energy products like solar panels and electric vehicles.

 

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