Biden Seeks To Triple Tariffs On Chinese Steel And Aluminum

[WarGamer]

Is that "inflation neutral"?

https://www.huffpost.com/entry/joe-biden-triple-steel-tariffs_n_661f446be4b015646f79b610

“The president understands we must invest in American manufacturing, but we also have to protect those investments and those workers from unfair exports associated with China’s industrial overcapacity,” Lael Brainerd, director of the White House’s National Economic Council, said on a call with reporters on Tuesday night.

Even as he seeks to eat into Trump’s support in industrial regions, the very authority that Biden is tapping to potentially expand tariffs on Chinese imports speaks to the extent to which he has sought to continue and expand upon the more hawkish trade policies of his predecessor, Trump.

Biden is calling on the office of the U.S. Trade Representative to examine whether its authority under Section 301, which permits the U.S. to impose trade sanctions on trading partners that produce an “unreasonable” burden on U.S. commerce, permits it to triple the tariffs on Chinese steel and aluminum. Trump had invoked Section 301 to levy tariffs on Chinese imports to the delight of domestic industries and labor unions who represent workers in those industries.

[JustAnotherGen]

1. Finished goods? I'm all for that

In my work since September 2018.

Here is the full text of Ambassador Tai's remarks in front of The Ways and Means Committee this morning:

https://ustr.gov/about-us/policy-offices/press-office/press-releases/2024/april/testimony-ambassador-katherine-tai-house-ways-and-means-committee-hearing-presidents-2024-trade

There's no copyright restrictions on the Government Websites we the people own. Its quite lengthy - but for supply chain health near the end you'll find this:

Standing up to the PRC’s Unfair Economic Practices and Fighting for Fair Competition

At its core, this is about giving everyone a fair shot.

However, that is not possible when countries like the PRC continue to use non-market policies and practices to dominate industries. That dominance is what enables the PRC to coerce other economies.

The PRC’s unfair policies and practices have devastated many working communities and industries across our country, including many in your districts.

Steel, aluminum, solar panels, batteries, electric vehicles, and critical minerals—just to name a few.

The PRC also uses unfair policies and practices to concentrate production of certain goods in the PRC, which undermines supply chain resilience and harms consumers that, in the long run, are deprived of the innovation and choice that fair competition would produce

At the very bottom you'll see which unions are with the trade community on this.

If this is what it takes to keep US Steel an American company with strong Union jobs - I'm all for it.


https://www.cnn.com/2024/04/12/business/us-steel-nippon-steel-deal/index.html

The company I manage global trade for has a line of business in the defense industry - I want to buy 316 Stainless steel in America.