Call for tripling of current 7.5% China tariff rate (Il Sole 24 Ore Radiocor) - New York, 17 Apr - President Joe Biden is calling on the US Trade Representative to consider tripling the existing tariff rate on Chinese steel and aluminum, the White House said.

"American workers in the steel and aluminum industries face a significant challenge from Chinese exports of steel and aluminum which are among the most emissions-intensive products in the world," the White House said in a statement.

"China's overcapacity and non-market investments in the steel and aluminum industries mean high-quality US products have to compete with artificially low-priced alternatives produced with higher carbon emissions." It said Biden was directing his senior team to work with Mexico to jointly prevent China's and other countries' evasion of tariffs on steel and aluminum that is imported from Mexico into the United States.

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(RADIOCOR) 17-04-24 16:26:39 (0534) 5 NNNN