Biden Proposes Tripling Tariffs on Chinese Steel and Aluminum Imports
President Joe Biden is advocating for a significant increase in tariffs on Chinese steel and aluminum imports, proposing to triple the current rates.
Trump-era steel tariffs violate global trade rules, says WTO
The World Trade Organization (WTO)’s recent ruling has condemned Trump-era tariffs on steel and aluminum, calling it a violation of global trade rules.
Steel industry presses pause on manufacturing after massive oversupply forces prices to plummet
The raw material costs associated with steel manufacturers have forced many to pause production after being pushed to lower prices.