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President Joe Biden is calling for higher tariffs on Chinese steel and aluminum, part of a series of steps to shore up the American steel sector and woo its workers in this year’s election.
“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 Brainard, director of the National Economic Council, told reporters. “I’ll talk to him about the issue we face with Nippon, maybe talk to him about the shipbuilding petition we put in, and thank him for the infrastructure bill and IRA, as we’re starting to get some of that funding for the companies that need it and some of their future employers,” McCall said in an interview Tuesday.Biden on Wednesday is calling for raising Section 301 tariffs on a wide range of Chinese steel and aluminum — namely, products that currently have 0% or 7.
Chinese steel imports topped out at nearly 3 million tons in 2014, data from the US Census Bureau show. But the country accounted for just 600,000 metric tons of steel imports in 2023, for a value of $900 million, out of total US steel imports of 25.6 million tons. Tai’s office will also launch a formal review of China’s maritime, logistics and shipbuilding sector, a probe that a group of five major union groups sought last month. Biden “believes it is critical to understand China’s uniquely aggressive set of interventions in these sectors,” the White House said in the statement.
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