Biden Wants to Increase Tariffs , on Chinese Steel and Aluminum Imports.<br />Speaking from the United Steelworkers <br />union in Pennsylvania on April 17.<br />Speaking from the United Steelworkers <br />union in Pennsylvania on April 17.<br />Biden will call on U.S. Trade Representative Katherine Tai to triple tariffs on Chinese <br />steel and aluminum, NPR reports. .<br />Biden will call on U.S. Trade Representative Katherine Tai to triple tariffs on Chinese <br />steel and aluminum, NPR reports. .<br />Those tariffs are presently at about 7.5%.<br />While these Chinese imports "account for less than 1% of U.S. demand," the country's steel prices are 40% cheaper than America's, NPR reports. .<br />The White House is concerned that <br />this could prompt a surge of exports. .<br />China's policy-driven overcapacity poses <br />a serious risk to the future of the <br />American steel and aluminum industry, Lael Brainard, Biden's top economic adviser, via NPR.<br />The president understands <br />we must invest in American <br />manufacturing, but we also have <br />to protect those investments and <br />those workers from unfair exports. , Lael Brainard, Biden's top economic adviser, via NPR.<br />The Biden administration also sent officials to Mexico to discuss preventing Chinese steel from entering the U.S. via its southern neighbor. .<br />I want to emphasize our desire to <br />cooperate and partner with Mexico <br />on addressing imports coming in <br />to the North American market as <br />a way of circumventing tariffs, Senior administration official, via NPR.<br />I'm not going to get ahead <br />of the diplomatic conversations <br />that have happened today and <br />that will be happening in the <br />days and weeks to come. , Senior administration official, via NPR.<br />But I think we're hoping to come to <br />a mutually acceptable solution with <br />Mexico, because this is a problem that <br />affects both of our economies, Senior administration official, via NPR.<br />United Steelworkers recently endorsed Biden <br />after he voiced his opposition to a U.S. Steel takeover by Nippon Steel, a Japanese company. .<br />United Steelworkers recently endorsed Biden <br />after he voiced his opposition to a U.S. Steel takeover by Nippon Steel, a Japanese company.
