Biden Set To Announce Huge Tariffs To Halt the Flood of Chinese Steel Products

The announcement is expected to address the drastic flood of cheap Chinese steel on the market; something that American unions have been fighting against for a long time.

The administration’s trade representatives are expected to work over time this week on the new measure. The move is part of a trend that Biden has taken to protect American manufacturers from cheap international products.

Many products being brought into the U.S. have a 7.5 percent tariff or no tariff at all. These cheap products often undercut quality American made goods and negatively effect the U.S. economy, which causes a headache for unions.

A complete investigation will be called on to look into China’s support for shipbuilders along with other related industries. To ensure that China doesn’t find a work around, the Biden administration will work with Mexico to disallow them from bringing their goods in from the southern border.

The economic agenda has been one of the top priorities for this election cycle and Biden has made it clear that his support of American unions and a self-sufficient economy is at the top of the list.

Heavy subsidies from Beijing have helped to propel the Chinese economy to higher than expected levels in the past year. The country is currently being accused of fabricating these circumstances in order to compete heavily with the U.S.

The head of the National Economic Council, Lael Brainard, stated that since China is too big to play by international rules, then they need to be controlled by other superpowers.

The items that China produces are being forced to be sold off to the lowest bidder in an effort to use the products. The low prices of products and manufacturing cause countries like the U.S., who have higher pay and better working standards, to close up shop entirely out of an inability to keep up with the low prices.

During the White House Security Summit, Biden showed his commitment to block a myriad of potential threats coming out of China.

Both parties have expressed their desire to set up tariffs and stricter trading laws in an effort to boost the American economy.

Although the current administration is taking accountability and credit for the tariffs being imposed, they were actually initiated by Republican candidate Trump more than four years ago. The tariffs have been under scrutiny since then in a series of investigations. 

The current president has also ramped up his public support of unions around the country. On Tuesday, Biden spoke to the United Brotherhood of Carpenters and Joiners in Scranton, Pa. Speculators expect that Biden’s plans to gain popularity with blue collar workers and union members will win him big this November.