'China's steel companies don't need to worry about making a profit because the Chinese government is subsidising them so heavily,' President Joe Biden says.
" China 's steel companies don't need to worry about making a profit because the Chinese government is subsidising them so heavily," President Joe Biden says.US President Joe Biden delivers remarks at United Steel Workers headquarters in Pittsburgh / Photo: Reuters
Biden, who narrowly won Pennsylvania from Donald Trump in 2020 and has made more campaign visits there than in any other state, called for a tripling in tariffs on Chinese steel and aluminium imports. Biden won the coveted backing last month of the union, and has opposed a bid by Japan's Nippon Steel to take over the Pittsburgh-based firm US Steel in a further attempt to woo the union."American-owned, American-operated by American union steelworkers, the best in the world — and that's going to happen, I promise," he said.
However, unlike Trump, Biden has invested huge amounts in infrastructure and green projects since taking office, hoping that it will bring manufacturing and production of key goods like steel back to the United States.
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