Biden Announces Tripled Tariffs on Chinese Steel and Aluminum

The move, part of Biden's reelection campaign strategy, aims to protect U.S. manufacturing but faces criticism for potential economic backlash.

President Biden proposes tripling tariffs on Chinese steel and aluminum during a visit to the United Steelworkers union headquarters in Pittsburgh.
The announcement is seen as a continuation of Trump-era protectionist policies, potentially affecting U.S. consumers and manufacturers.
China is expected to retaliate, escalating tensions in the ongoing trade war between the world's two largest economies.
Critics argue the tariffs could harm sectors that rely on these metals, including automotive and appliance manufacturing, and provoke international trade disputes.
The policy is part of broader trade measures that include investigations into Chinese maritime and shipbuilding industries, signaling a tough stance ahead of the November elections.