Current:Home > NewsRekubit Exchange:Biden says he'll urge U.S. trade rep to consider tripling tariffs on Chinese steel and aluminum imports -TradeWisdom
Rekubit Exchange:Biden says he'll urge U.S. trade rep to consider tripling tariffs on Chinese steel and aluminum imports
PredictIQ Quantitative Think Tank Center View
Date:2025-04-08 19:14:25
Speaking at the U.S. Steelworkers headquarters in Pittsburgh Wednesday,Rekubit Exchange President Joe Biden said he'd ask the U.S. trade representative to consider tripling of tariffs on Chinese steel and aluminum imports and other protections for the U.S. steel and aluminum industry.
The Pennsylvania-born president, noting the importance of the swing state in the November elections, said Wednesday it was Pittsburgh and union workers who elected him before, and he'll return the favor. The president told supporters in the crowd that, "You've had my back and I promise I have your back."
"The backbone of America has a steel spine," Mr. Biden said. "It really does have a steel spine. You've heard me say it before — Wall Street didn't build America; the middle class built America, and you guys built the middle class — unions built it. And that's why I'm here today: to announce a series of actions that (show) I stand by you, the American steelworker."
Mr. Biden said he would urge the U.S. trade representative, Katherine Tai, to triple Chinese steel and aluminum tariffs from their current rate of 7.5% if the USTR finds during an ongoing investigation that the Chinese are exercising anti-competitive trade practices in the steel and aluminum industry. The White House believes American workers face "unfair competition" from Chinese imports, and high-quality U.S. products are undercut by "artificially-low priced" Chinese alternatives that use higher emissions, according to a White House fact sheet.
The president said China is also sending steel and aluminum through Mexico first in order to avoid U.S. tariffs, which the U.S. will be working with Mexico to prevent. Tai is also launching an investigation into China's practices in the maritime, shipbuilding and logistics sectors, the White House says.
Mr. Biden took opportunities during his speech Wednesday to blast former President Donald Trump, whom the president referred to only as "my predecessor." Without mentioning the former president's ongoing criminal trial in New York, Mr. Biden noted that his predecessor is "busy," eliciting laughs from the audience.
"Taken together, these are strategic and targeted actions that are going to protect American workers and ensure fair competition," Mr. Biden said Wednesday. "Meanwhile, my predecessor and the MAGA Republicans want across-the-board tariffs on all imports from all countries that could badly hurt American consumers."
The president later told reporters he's not concerned the potential tariffs could affect his relationship with Chinese President Xi Jinping.
The steel and aluminum announcement comes amid the planned sale of U.S. Steel to the Japanese-owned Nippon Steel, which the president strongly opposes. U.S. Steel should remain an American company, Mr. Biden said Wednesday, and "that's going to happen, I promise you."
- U.S. is pushing China to change a policy threatening American jobs, Treasury Secretary Yellen says
As the president continues his three-day swing through Scranton, Pittsburgh and Philadelphia, his campaign is launching a six-figure, five-day ad blitz highlighting Mr. Biden's pro-labor stances. Pennsylvania is a battleground state this November, with Trump and Mr. Biden neck-and-neck in national polls.
"Scranton values or Mar-a-Lago values," Mr. Biden said during a speech in Scranton Tuesday, referencing Trump's luxurious Florida resort. "These are the competing visions for our economy, and they raise questions of fundamental fairness at the heart of his campaign."
Bo Erickson contributed to this report
- In:
- Pennsylvania
- Joe Biden
Kathryn Watson is a politics reporter for CBS News Digital based in Washington, D.C.
veryGood! (45)
Related
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Former Indiana sheriff gets 12 years for spending funds on travel and gifts
- Texas edges Oregon for top spot in college football's NCAA Re-Rank 1-134
- Adam Levine Crashes Wife Behati Prinsloo’s Workout Ahead of Victoria’s Secret Fashion Show
- Rylee Arnold Shares a Long
- Why Kelsea Ballerini Doesn't Watch Boyfriend Chase Stokes' Show Outer Banks
- Petitions for union representation doubled under Biden’s presidency, first increase since 1970s
- Poland’s leader defends his decision to suspend the right to asylum
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Pink Shares Why Daughter Willow, 13, Being a Theater Kid Is the “Ultimate Dream”
Ranking
- Meta donates $1 million to Trump’s inauguration fund
- Voters in California and Nevada consider ban on forced labor aimed at protecting prisoners
- Why Kelsea Ballerini Doesn't Watch Boyfriend Chase Stokes' Show Outer Banks
- Texas edges Oregon for top spot in college football's NCAA Re-Rank 1-134
- EU countries double down on a halt to Syrian asylum claims but will not yet send people back
- Former officer with East Germany’s secret police sentenced to prison for a border killing in 1974
- Columbus Blue Jackets memorialize Johnny Gaudreau, hoist '13' banner
- Hasan Minhaj, Jessel Taank, Jay Sean stun at star-studded Diwali party
Recommendation
Average rate on 30
MLB playoffs averaging 3.33 million viewers through division series, an 18% increase over last year
Real Housewives of Orange County's Tamra Judge Shares She’s on Autism Spectrum
Content Creator Dead at 26 After Falling Off Bridge While Filming
Bodycam footage shows high
Woman was left with 'permanent scarring' from bedbugs in Vegas hotel, suit claims
Dodgers' Clayton Kershaw announces he will return for 2025 after injury
Jacksonville Jaguars trade DL Roy Robertson-Harris to Seattle Seahawks