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If Chinese steel imports are such a small proportion of US steel demand, then how can the lower priced Chinese steel be having such a negative effect on US steel production?
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right. they are making the numbers smaller to cause less alarm. Our steel is probably all coming from china.
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Exactly
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Biden is posturing and pandering
He has to pretend to care about steel and aluminum workers and union members to win Pennsylvania and Michigan
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So let's kill free trade to fight inflation
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Since tariffs make everything cheaper lol
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Imports of steel from China account for only about 0.6% of total U.S. steel demand, according to a senior Biden administration official. As a result, the White House does not believe raising the steel tariffs risks further increasing inflation, which has remained high despite recent economic gains.