EconomyLens.com
No Result
View All Result
Tuesday, June 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Economy

Biden denies China trade war on trip to US steel heartland

Emma Reilly by Emma Reilly
April 19, 2024
in Economy
Reading Time: 8 mins read
A A
4
19
SHARES
240
VIEWS
Share on FacebookShare on Twitter

US President Joe Biden visits Zummo's Cafe with Scranton, Pennsylvania, Mayor Paige Cognetti before departing for Pittsburgh, on April 17, 2024. Biden is traveling to Pittsburgh, Pennsylvania, to meet with steelworkers.. ©AFP

Pittsburgh (AFP) – US President Joe Biden denied there was a trade war with China Wednesday, despite calling for a hike in steel tariffs as he courted blue-collar voters in the battleground state of Pennsylvania.

Related

Spain says ‘overvoltage’ caused huge April blackout

Trump says EU not offering ‘fair deal’ on trade

UK automakers cheer US trade deal, as steel tariffs left in limbo

Global oil demand to dip in 2030, first drop since Covid: IEA

US retail sales slip more than expected after rush to beat tariffs

Biden was unveiling the latest in a series of protectionist measures in a campaign speech to United Steelworkers union in Pittsburgh, on the second day of a three-day swing through the state he narrowly won from Donald Trump in 2020.

The 81-year-old was set to call for a tripling in tariffs on Chinese steel and aluminum, saying that Beijing was undercutting US production by manipulating Chinese products.

Democrat Biden and Republican Trump are promising to revive American manufacturing as they compete for vital working- and middle-class voters in the US Rust Belt ahead of a tight November election.

Beijing reacted furiously after Washington said it was also launching a probe into Chinese shipbuilding following a complaint by unions including United Steelworkers.

Biden won the coveted backing last month of the union, and has opposed a bid by Japan’s Nippon Steel to take over the Pittsburgh-based US Steel in a further attempt to woo them.

“No trade war,” Biden said when asked by reporters if he was worried about the potential for a standoff with Beijing during a stop at a coffee shop in his hometown of Scranton, Pennsylvania.

Biden has visited Pennsylvania more than any other state as he bids for a second term that would also prevent a Trump comeback to the White House.

On the first day of the trip on Monday he visited his birthplace of Scranton, stopping by his childhood home while taking aim at Trump as an elitist billionaire, as the tycoon languished in his New York hush money trial. His campaign released an ad on Tuesday featuring a unionized steelworker hailing his policies.

– ‘Undercut’ –

At stake are the crucial ballots of the blue-collar voters who helped propel Trump and his nationalist agenda to power in 2016, and whom Biden wrested back four years ago. Despite huge differences with election rival Trump on everything from tax to abortion, Biden’s trade policies have increasingly echoed elements of his “America First” rival’s.

But unlike Trump, Biden has invested huge amounts in infrastructure and green projects since taking office, hoping that it will bring manufacturing and production of key goods like steel back to the United States.

The Biden administration views China’s practices as a barrier to that. China accounts for about half of global steel production, while exporting the metal at a significantly lower cost than US steel prices, a senior US official told reporters.

“Chinese policies and subsidies for their domestic steel and aluminum industries mean high-quality US products are undercut by artificially low-priced Chinese alternatives produced with higher emissions,” the White House said in a statement.

The US Trade Representative said separately it was launching its probe into China’s trade practices in the shipbuilding, maritime and logistics sectors.

US unions had slammed “unreasonable and discriminatory” policies and practices used by Beijing to dominate these industries.

Beijing said it firmly opposes the probe, with China’s commerce industry calling it “full of false accusations, misinterpreting normal trade and investment activities as harming US national security and corporate interests, and blaming China for its own industrial problems.”

The trade tensions come against a backdrop of wider stresses between the world’s two biggest economies.

The United States has identified China as its key rival for the coming century, but Biden has also sought to manage tensions. He met with Chinese leader Xi Jinping in California last year and they spoke recently.

But China was again angered when Biden hosted the leaders of Japan and the Philippines last week in a concerted front against China’s increasing assertiveness in the Asia-Pacific region.

© 2024 AFP

Tags: Chinasteel tariffsTrade War
Share8Tweet5Share1Pin2Send
Previous Post

Oil prices slide, stocks diverge

Next Post

At IMF, Brazil and France renew push for ‘fairer’ international taxation

Emma Reilly

Emma Reilly

Related Posts

Economy

Why stablecoins are gaining popularity

June 17, 2025
Economy

Bank of Japan holds rates, will slow bond purchase taper

June 17, 2025
Economy

Ecuador pipeline burst stops flow of crude

June 16, 2025
Economy

Yen slides ahead of Bank of Japan policy decision

June 16, 2025
Economy

War, trade and Air India crash cast cloud over Paris Air Show

June 16, 2025
Economy

China factory output slows but consumption offers bright spot

June 16, 2025
Next Post

At IMF, Brazil and France renew push for 'fairer' international taxation

Meta shouldn't force users to pay for data protection: EU watchdog

Tesla asks shareholders to reapprove huge Musk pay deal

Sanctions for oil companies, again?

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
4 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

72

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales slip more than expected after rush to beat tariffs

June 17, 2025

Taiwan tests sea drones as China keeps up military pressure

June 17, 2025

G7 leaders urge Trump to ease off trade war

June 17, 2025

Oil prices rally, stocks slide as traders track Israel-Iran crisis

June 17, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.