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Published 14 days ago

Biden targets China with new tariffs on steel and aluminum

  • Biden's administration is imposing tariffs on steel and aluminum imported through Mexico to prevent China from avoiding import taxes by using Mexico as a trading partner.
  • Lael Brainard of the White House National Economic Council stated that these tariffs will be applied through section 232 of the Trade Expansion Act, aiming to address imports threatening U.S. National security.
  • The new taxes primarily target China, the main global steel producer, to counter the evasion of tariffs.
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