Biden vows to shield U.S. steel industry by blocking Japanese merger and seeking new Chinese tariffs

PITTSBURGH (AP) — President Joe Biden promised cheering unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in Pennsylvania, an election-year battleground.

Biden said during a visit to the headquarters of the United Steelworkers that U.S. Steel "has been an iconic American company for more than a century and it should remain totally American."

"American-owned, American operated by American union steelworke...

 

Reader Comments(0)