America last: Biden plans to surrender protections for U.S. steel & aluminum

[Counselor706]

When President Joe Biden meets with European leaders next week, he will commit to dropping tariffs protecting U.S. steel and aluminum and resolving other trade disputes this summer, according to a report from Bloomberg News.

The Trump administration put in place tariffs on steel and aluminum that it said were necessary to prevent the U.S. from becoming dependent on foreign metals, a situation that an extensive government review said would be a threat to national security. China’s share of global crude steel production increased from 53.3 percent in 2019 to 56.5 percent in 2020. Although the U.S. imports little to no steel from China directly, China’s overproduction depresses prices in the global market.

Part of the concern over becoming import metals dependent is that other countries could attempt to use their steel and aluminum production to constrain U.S. policy. Even a close ally such as France or Canada could attempt to use our oil dependence to influence U.S. policy on climate change or threaten to cut off supply seen as supporting the U.S. in a military conflict those countries oppose.

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[Rightguide]

Another surrender to the Chinese.

 

[pecksniff]

Well? Nothing good ever came of Trump's protectionism, did it?

 

[Fuzzy1975]

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Hey dipshit...

The company I work for used to purchase our raw materials from the US. When Trump implemented this stupid tariff bs policy, we stopped purchasing US products, because they were cheaper to buy elsewhere.

I am sure you are not too stupid to realise that all business looks to minimise production costs, to maximise profits, if you doubt the truth of what I posted above.

So, when Biden ends this Trump BS policy, my company will once again be purchasing from the US, since the products we need will now be cheaper in the US.

Isn't that good for the US, or should Biden keep those tariffs in place, and you never see the return of those sales of US made products????