"Biden's Tariff Plans, Trump's Trial, and Election 2024: A Recap"

President Biden plans to announce new protections for the U.S. steel industry, including tripling tariffs on Chinese steel and aluminum imports, pressuring Mexico to prevent Chinese metal shipments, and launching an investigation into Chinese subsidies for its shipbuilding industry. These actions are aimed at addressing "unfair" Chinese competition and shoring up political support in battleground states. The move reflects Biden's determination to be seen as a defender of the steel industry, but could raise costs for industries using steel. This comes as Biden's likely opponent, Donald Trump, also courts voters with economic nationalism, proposing tariffs on all foreign products and Chinese imports.