Biden plans new 15% tariff on Chinese steel in election-year resumption of Trump trade war

News Snapshot:

WASHINGTON — President Biden will announce plans for a new 15% tariff on Chinese steel and aluminum as he campaigns for votes in Pittsburgh on Wednesday — resuming former President Donald Trump’s trade war with Beijing after a three-year lull. Biden administration officials announced the move in a press call with reporters — saying China was poised to flood the US market with cheap steel and aluminum, undercutting American manufacturers. “China’s policy-driven overcapacity poses a serious risk to the future of the American steel and aluminum industry,” one official said. 3 President Biden is set to announce plans for a...