The Impact of Biden's Steel Tariffs on American Families and Jobs
The Biden administration is considering a proposal to impose tariffs of up to nearly 300% on imported tinplate steel, which could have detrimental effects on the U.S. manufacturing industry. Ohio-based steel giant Cleveland-Cliffs is pushing for these tariffs, claiming that eight countries, including U.S. allies, are flooding the market with low-cost tinplate steel. However, smaller manufacturing businesses, like Independent Can, argue that these tariffs would increase the price of canned goods, threaten tens of thousands of manufacturing jobs, and force companies to rely on cheaper imports. A study predicts a decline in can production and job cuts, with minimal new job creation. Critics argue that these tariffs prioritize protectionism over the interests of American businesses, jobs, and consumers.