Biden vows to block U.S. Steel acquisition by a Japanese company and promises tariffs on Chinese steel

Open this photo in gallery: U.S. President Joe Biden speaks at a campaign event, on April 16, in Scranton, Pa.Alex Brandon/The Associated Press U.S. President Joe Biden promised cheering unionized steelworkers on Wednesday that his administration would block the acquisition of U.S. Steel by a Japanese company and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in Pennsylvania, an election-year battleground. Biden said during a visit to the headquarters of the United Steelworkers union that U.S. Steel "has been an iconic American company for more than a century…