Biden Administration Plans to Triple Tariffs on Imported Steel and Aluminum from China

IranGate
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Biden Administration Plans to Triple Tariffs on Imported Steel and Aluminum from China

The Biden administration plans to triple the customs tariffs on imported steel and aluminum from China.

Joe Biden, the President of the United States, told reporters that despite the upcoming announcement of tripling the customs tariffs on imported steel from China, this trade war is not with the economic power of East Asia.

He will announce the decision to increase tariffs on Thursday, April 29, in his speech to steel industry workers in Pennsylvania, which is a key battleground in the presidential elections.

This action is the intersection of Biden administration’s international trade policy and his efforts as the Democratic Party nominee to win votes in a state that will likely play a decisive role in determining the outcome of the US presidential elections.

However, the White House emphasizes that the purpose of this action is to protect American industries against unfair trade practices by China, not to attract the attention of union members.

Currently, the customs tariffs on imported steel and aluminum from China are 75%. The Biden administration intends to triple the customs tariffs on both metals.

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