"Biden's Measures to Safeguard US Steel and Shipbuilding from China's Unfair Practices"

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Source: Fox Business
"Biden's Measures to Safeguard US Steel and Shipbuilding from China's Unfair Practices"
Photo: Fox Business
TL;DR Summary

President Biden announced actions to protect the US steel and shipbuilding industries from unfair Chinese trade practices, including tripling tariffs on Chinese steel and aluminum imports and initiating an investigation into China’s unfair shipbuilding practices. The White House emphasized the importance of American-made steel for economic and national security, and announced the construction of six clean iron and steel projects in Pennsylvania, Ohio, and the South and Midwest to help the US steel industry remain competitive.

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