Biden Acts Against China's Unfair Tactics to Shield US Steel
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President Biden is taking actions to support American steel manufacturing and shipbuilding. He is calling on the United States Trade Representative (USTR) to consider tripling the existing 301 tariff rate on Chinese steel and aluminum imports. The Department of Commerce is imposing anti-dumping and countervailing duties on steel-related products and investigating anti-competitive actions by Chinese exporters. The USTR is initiating an investigation into China's unfair trade practices in shipbuilding, maritime, and logistics sectors. President Biden is also directing his senior team to work with Mexico to prevent China's and other countries' evasion of tariffs on steel and aluminum imported from Mexico. Additionally, President Biden is investing in clean American-made steel through the Bipartisan Infrastructure Law and the Inflation Reduction Act. These actions aim to protect American workers, address distortions in the global market, and promote the production of low-carbon iron and steel products.

#Biden #China #SteelIndustry #Tariffs #Shipbuilding #Manufacturing

https://www.miragenews.com/biden-acts-against-chinas-unfair-tactics-to-1216603/