The move reflects the intersection of Biden’s international trade policy with his reelection effort. The White House insists the policy is more about shielding American manufacturing from unfair trade practices overseas than firing up a union audience.
The current tariff rate is 7.5% for both steel and aluminum but could climb to 22.5%.
The Biden administration also promised to pursue anti-dumping investigations against countries and importers that try to saturate existing markets with Chinese steel. It said it was working with Mexico to ensure that Chinese companies cannot circumvent the tariffs by shipping steel there for subsequent export to the US. “The president understands we must invest in American manufacturing. But we also have to protect those investments and those workers from unfair exports associated with China’s industrial overcapacity,” White House national economic adviser Lael Brainard told reporters.
During a visit to United Steelworkers union headquarters in Pittsburgh, Biden will announce that he is asking the US Trade Representative to raise tariffs.
