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.