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President Biden Vows to Block Foreign Takeover of U.S. Steel, Announces Tariff Hikes

During a union conference, Biden pledges to keep U.S. Steel American-owned and to increase tariffs on Chinese steel and aluminum.

  • President Joe Biden addresses the IBEW union conference, emphasizing his commitment to American-owned industries and union support.
  • Biden promises to oppose the acquisition of U.S. Steel by Japan's Nippon Steel, ensuring it remains an American company.
  • The President announces plans to triple tariffs on Chinese steel, aiming to protect U.S. steelworkers from cheap imports.
  • Biden's remarks are part of his broader strategy to win working-class votes in key battleground states like Pennsylvania.
  • The President's tough stance on trade mirrors that of his likely opponent, Donald Trump, who also advocates for steep tariffs.
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