"Key Moments: Biden's Pittsburgh Visit, Trump's Trial, and Election 2024 Updates"

1 min read
Source: PBS NewsHour
"Key Moments: Biden's Pittsburgh Visit, Trump's Trial, and Election 2024 Updates"
Photo: PBS NewsHour
TL;DR Summary

President Biden promised to block the acquisition of U.S. Steel by a Japanese company and called for tripling tariffs on Chinese steel during a visit to the United Steelworkers headquarters in Pittsburgh. He aims to use trade policy to win over working-class votes in Pennsylvania, while also criticizing Trump's approach to China. The proposed tariffs could increase from 7.5% to 25%, with additional tariffs on aluminum. The administration is also investigating China's trade practices and working with Mexico to prevent circumvention of the tariffs. However, higher tariffs could carry economic risks and echo Trump's protectionist playbook.

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