Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs

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USA,Joe Biden,China

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PITTSBURGH — President Joe Biden suggested to cheering, unionized steelworkers on Wednesday that his administration would thwart the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in the battleground state of Pennsylvania.

”Biden criticized Trump for failing to take such steps, saying that “for all his tough talk on China, it never occurred to my predecessor to do any of that.”The administration also promised to pursue investigations against countries and importers that try to saturate existing markets with Chinese steel, and said it was working with Mexico to ensure that Chinese companies cannot circumvent the tariffs by shipping steel there for subsequent export to the United States.

 

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