Biden takes action against China's unfair practices to protect US steel and shipbuilding industries [FOX Business Network]
Cleveland-Cliffs Inc. (CLF)
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Source: FOX Business Network
The White House announced actions President Biden would be taking against China to help protect the U.S. steel and shipbuilding industries. On Wednesday, Biden called on the U.S. Trade Representative (USTR), which monitors the compliance of foreign governments to comply with trade agreements, to triple the tariff rate on Chinese steel and aluminum imports. He also called on USTR to investigate China's unfair shipbuilding practices. "The Biden-Harris Administration recognizes growing concerns that unfair Chinese trade practices, including flooding the market with below-market-cost steel, are distorting the global shipbuilding market and eroding competition," the White House said. It added: "These concerns were outlined in a petition to the U.S. Trade Representative from five labor unions requesting an investigation into Chinese acts, policies, and practices in the maritime, logistics, and shipbuilding sectors." In the statement, the White House emphasized the importance of Ame
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CLF
Earnings
- 4/22/24 - Miss
CLF
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- CLF's page on the SEC website