Biden proposes tripling tariffs on Chinese steel and aluminum

Joe Biden has proposed a tripling of tariffs on Chinese steel and aluminum imports as part of his trade agenda. This announcement comes following the US Trade Representative's initiation of an investigation into China's trade practices. During a campaign speech, Biden stated that he is not seeking conflict with China but rather fair competition. He criticized China's steel companies for receiving heavy government subsidies and not competing fairly. Biden's call for increased tariffs marks the latest protectionist policy in his trade platform.