US-China Trade War: Biden Calls for Tripling of Tariffs on Chinese Steel | Firstpost Tech & Trade
US-China Trade War: Biden Calls for Tripling of Tariffs on Chinese Steel | Firstpost Tech & Trade
The escalating trade tensions between the United States and China have reached a new height with the focus shifting to the steel industry. US President Joe Biden has called for tripling tariffs on steel imports from China, citing unfair trade practices and subsidies that have flooded global markets with cheap Chinese steel. This move has sparked condemnation from Beijing and raised questions about the sudden spotlight on steel in the ongoing trade dispute. Explore how Chinese steel exports have surged in recent years, prompting concerns about its impact on domestic industries worldwide.
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