The Biden Administration has announced plans of a new import tax aimed at Chinese steel and materials.
On a recent trip to Pittsburgh, the President made the announcement that was titled “New Actions to Protect U.S. Steel and Shipbuilding Industry from China’s Unfair Practices.”
Biden wants tariffs to go up on Chinese imports
The office of the President is tabling tariffs to safeguard American jobs and infrastructure. The proposed tariffs would triple the existing bar set on Chinese imports which could lead to a 25% increase for some materials and an increase for others from 0% or 7.5%.
The American steel trade has historical roots that run as deep and rich as
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