Space Industry and Business News
TECH SPACE
Biden pushes to triple tariffs on Chinese steel, aluminum
Biden pushes to triple tariffs on Chinese steel, aluminum
By Beiyi SEOW
Washington (AFP) April 17, 2024

US President Joe Biden on Wednesday urged a tripling of tariffs on Chinese steel and aluminum, citing "unfair competition" as he seeks to win blue-collar votes in November's election.

Biden's call comes as the US Trade Representative (USTR) announced it is launching a probe into China's trade practices in the shipbuilding, maritime and logistics sectors in response to a recent petition by five US unions.

The president is preparing to address steelworkers in Pittsburgh on Wednesday, the second day of a three-day trip through the crucial swing state of Pennsylvania.

Both Biden and his election rival Donald Trump are competing for vital blue-collar voters, promising to revive American manufacturing.

"Chinese policies and subsidies for their domestic steel and aluminum industries mean high-quality US products are undercut by artificially low-priced Chinese alternatives produced with higher emissions," the White House said in a statement.

A senior US official told reporters that China accounts for about half of global steel production, while exporting the metal at a significantly lower cost than US steel prices.

As the USTR reviews tariffs imposed on China during Trump's administration, Biden urged it to triple an existing rate under Section 301 of the Trade Act.

Currently, the average tariff on steel and aluminum under this section is 7.5 percent.

The so-called Section 301 investigation was the primary tool the Trump administration used in the trade war with China to justify tariffs.

The White House added on Wednesday that Biden is also directing officials to work with Mexico to prevent tariff evasion by China.

- Made in America -

Meanwhile, the USTR investigation into shipbuilding and other sectors comes after a petition last month by unions including the United Steelworkers.

They urged for action to address "unreasonable and discriminatory" policies and practices used by Beijing to dominate these industries.

Biden won the backing last month of the United Steelworkers union and has opposed a bid by Japan's Nippon Steel to take over the Pittsburgh-based US Steel.

The White House said on Wednesday that Biden would continue making clear that it is "vital" for US Steel to remain an American company that is domestically owned and operated.

Biden's National Economic Advisor Lael Brainard said the president understands American steel "built our nation" with steel mills helping to grow the US middle class in states like Pennsylvania and Ohio.

While there is a need to invest in US manufacturing, she said officials also considered it necessary to "protect those investments and workers from unfair exports associated with China's industrial overcapacity."

In a trip to China this month, Treasury Secretary Janet Yellen said the United States "will not accept" a situation where underpriced Chinese goods flood the global market, battering industries elsewhere.

She raised the issue of excess capacity with Chinese counterparts as well.

But Liu Pengyu, spokesman for China's embassy in Washington, earlier defended the uptick in exports including electric vehicles as "the result of international division of labor and market demand."

The White House, however, maintained that the Biden administration "recognizes growing concerns that unfair Chinese trade practices, including flooding the market with below-market-cost steel, are distorting the global shipbuilding market and eroding competition."

Related Links
Space Technology News - Applications and Research

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TECH SPACE
Cheap Chinese steel threatens jobs in Latin America
Santiago (AFP) April 16, 2024
Latin American metal workers are clamoring for higher import tariffs as cheap Chinese steel floods the region, threatening hundreds of thousands of jobs linked to the industry. Last year, the region imported a record 10 million tons of Chinese steel - a 44 percent rise from the year before, according to data from the Latin American Steel Association (Alacero). Two decades ago, the figure was just 85,000 tons. "China is too present in Latin America," Alacero executive Alejandro Wagner told A ... read more

TECH SPACE
Cheap Chinese steel threatens jobs in Latin America

US firms reestablish rare earth element production

New 3D-printed elastomer advances soft robotics and wearable tech

Exploring the enigmatic behavior of granular materials through sound

TECH SPACE
Troposcatter Technology by Ultra I&C enhances global defense networks

ATLAS Integrates DoD antenna into Hybrid Space Architecture

Eutelsat and Intelsat forge $500M partnership to expand OneWeb constellation

Satellites for quantum communications

TECH SPACE
TECH SPACE
TrustPoint Secures AFWERX Phase II Contract for Advanced Navigation Solutions

GMV Spearheads ESA's Mission to Revolutionize Satellite Navigation with LEO Technology

Aerospacelab and Xona Unite to Transform Satellite Navigation

Genesis will measure Earth in millimetric detail from space

TECH SPACE
Ukrainian fighter pilots train in France during European training drive

Serbia eyes French fighter jets to boost its military

NASA unveils OVERFLOW to better predict air taxi performance and noise

China's Aviation giant set to deliver new sightseeing Airships

TECH SPACE
ASML profits down amid China chip spat

Taiwan chip giant TSMC's profits surge on AI demand

US topples China as Taiwan's largest export market due to chips, AI demand

Dutch-based chip maker Nexperia probes IT hack

TECH SPACE
SpaceX launches new weather satellite to boost environmental monitoring

EarthCARE satellite to launch with advanced climate instruments

Space Systems Command launches next-gen WSF-M weather satellite with SpaceX

Satellite Studies Reveal Isolated Convection Patterns Over Tibetan Plateau

TECH SPACE
US announces tough tap water standards for 'forever chemicals'

Study lists world's 'forever chemical' hotspots

Denmark holds 'funeral' for a polluted fjord

What we know about how 'forever chemicals' affect health

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.