Biden takes action against China's unfair practices to protect US steel and shipbuilding industries

The White House announced actions President Biden would be taking against China to help protect the U.S. steel and shipbuilding industries. On Wednesday, Biden called on the U.S. Trade Representative (USTR), which monitors the compliance of foreign governments to comply with trade agreements, to triple the tariff rate on Chinese steel and aluminum imports. He also called on USTR to investigate China’s unfair shipbuilding practices."The Biden-Harris Administration recognizes growing concerns that unfair Chin ...