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Biden calls for tripling tariffs on Chinese metals

From bbc.com

US President Joe Biden is set to call for a tripling of tariffs on some steel and aluminium from China. It is the latest protectionist policy to be embraced by Mr Biden as he campaigns for re-election against Donald Trump, who was known for his tough trade stance against China. The White House said the proposal was aimed at protecting US jobs against "unfair" competition. China has previously denied claims of dumping steel and aluminium overseas. Dumping is selling excess product in another country for a very cheap price price and can often decimate the local industry's own market of that product. The ... (full story)

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  • Category: Fundamental Analysis