US-China Trade War: Biden Calls for Tripling of Tariffs on Chinese Steel | Firstpost Tech & Trade
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- เผยแพร่เมื่อ 27 เม.ย. 2024
- US-China Trade War: Biden Calls for Tripling of Tariffs on Chinese Steel | Firstpost Tech & Trade
The escalating trade tensions between the United States and China have reached a new height with the focus shifting to the steel industry. US President Joe Biden has called for tripling tariffs on steel imports from China, citing unfair trade practices and subsidies that have flooded global markets with cheap Chinese steel. This move has sparked condemnation from Beijing and raised questions about the sudden spotlight on steel in the ongoing trade dispute. Explore how Chinese steel exports have surged in recent years, prompting concerns about its impact on domestic industries worldwide.
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US | China | Trade War | Chinese Steel | Steel Exports | Tariffs | Joe Biden | Xi Jinping | Firstpost | News Live | World News | Latest News | Global News | International News | News | Trending News
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@@VerleneSchwanebeck May I know the name of the financial advisor who has been helping you with your investments? If you're comfortable sharing, could you also guide me on how to contact them?
This is mostly just a political speech. The fact is that the USA only imports about 1% of China's total exports of Steel. The majority of Chinese Steel goes to South Korea and SE Asian countries. And conversely, Chinese steel imports to the USA represents only 3% of all USA steel imports. The USA imports far more steel from Canada, Mexico and Brazil. The state where he gave this speech is a battleground state, and China is an easy target. Even if Biden does triple the tariff on Steel from china, it won't matter to either country.
Thx for the explanation.
I guess it's all a show in us politics 🤷
Then it should matter. Make the tariff 100%
Then it should matter and we can make the tariff 100%😮
Very informative, thanks!
Finally, this is the most intelligent and informative comment I have seen today
No to America, yes to China.
Chine is producing American is printing money
Literally Chyna’s shadow banks have out printed the USA
and propaganda and WoW...
No trade or business with china period.
@@tyronebroussard1288lol you’re not the entire world. Other parts of the world will always be happy to buy cheaper important raw materials like steel. Especially when they don’t produce it. If you can’t compete just say that, instead of accusing others of unfair practices. Why not come up with a better alternative, Chinese firms don’t force anyone to buy goods, they just give a better deal 😅
Fate of Empires. US is in decline
Can America compete fairly? They subsidize their farmers too. And they used slaves to boost their economy for hundreds of years without paying them wages.
Yes Chyna using WTO developing nation status and exploiting our mailing services to ship their trash.
🇨🇳 Isn’t 🇯🇵!
US could bully Japan & France. Not China ya.
Yes, even weaker more polluted and hungry.
Yeh china going to go through a way worst deflation period
@@WorldIsWierdmeanwhile, the rest of the world is suffering from massive inflation. I’d take deflation over inflation any day.
@@dennisestradda9746 black dalit you better study instead of wasting your time. Take full advantage of the reservations.
Belt and Road need lots of steel.
THE GREAT CHINA MOST SUCCEED WITHOUT ANY DELAY !!! .
"Overcapacity" - a brand new buzzword for desperate, straw-clutching American politicians who are jealous of competence and productivity, and hate the very idea of free markets and having a serious competition.
China is intentionally (which state subsidies) producing so much beyond its domestic market's capacity for the purpose of dumping this excess products to the international market at way lower prices. This is called "dumping" and it is destructive of international trade.
Whatever JB can screw up - he will !
Americans: things are getting too expensive.
Also Americans: you are selling things too cheaply.
Steal is threatening national security 😂😂😂
😢
Chinese steel yes, unsafe like their baby formula and elevators
@@dennisestradda9746 CIA bot
@@dennisestradda9746 like boeing, oceangate submarine and that baltimore bridge?🤣🤡
@@IamHandsome4u😂😂😂😂😂😂
China produces 54% of the world's steel, the US produces 4%. Non Chinese producers can finally raise prices, but the US will lose the most with much higher costs for US steel imports with little own production. It sounds a bit masochistic.
Lol!they can make their own industry 😂😂
It's just china using unfair practices to destroy countries domestic producers
Well healthy competition in business is good 😂 but it's better if you just collaborate than compete...
Triple tariff is your citizen will pay more not suppliers
Trump still thinking Trade War against China is easy to win...??? 😋😜😁
typical of America. ... a big bully.
Tariff will cause inflation stay high in US. My heart goes to the ordinary citizens.
No they choose other countries like India supply steel to usa
@@nunkeshat8308 US has to rely on tariff means India steel are more expensive
Better paying jobs, less Chyna junk
But it also increase employment in the US to go up. So people will have more money
@@WorldIsWierd more money is more inflation
In the end, it’s the American consumer who will suffer.
Absolutely True, US is sitting on a debt pile of 35 Trillion Dollars and sanctioning other countries...
What a nerd...
And sanctioning who, China..
🤦
Biden won't do a damn thing
Without steel you can't make bomb
..steel price will rise.
""QUADRUPLE "" !!!!
Election stunts to show hard on China 😂😂
Such a loser.
Hey Firstpost! You're intro is TOO long! Almost 15sec, you gotta bring that down some!
Chinese spies inside Chinese steel?? 🤡 😂 🎉
To US politicians, this is possible. And unbelievably Americans would believe.
Berserk 😂😂😂
So why don’t US help out the American steel industry like China does for its companies, instead of crying about what China do?
Wow! They included a QR code in their intro, India is so innovative and cool and trendy
it is amazing that Chinese government is able to subsidize every Chinese-made product. Chips, EVs, steels, toys you name it.
They also produce inferior steel
Biden doesn't know how to pick his fights
Please guide him. Your experience from hoods should help him😅.
The world is going towards a boiling point. Soon it's gonna burst.
The US been begging for China’s help. Just don’t bother going to China uninvited to beg ever again.
Yes to china .....No to United States of Israel
We need aluminium to make Kozyrev mirrors. An invention by Dr. Kaznacheev and Dr. Trofimov for time travel.
Red nick
What happens when biden goes doeChina get there own ways
What is he trying to b Trump lol lol
Bhatkao Channel. Telling about the world please expose ill happening within the country.
When American subsidizes it's products that is okay but when other countries do it its a crime 🤔
1:23 Always reminisce about the extraordinary day of December 8, 2021. An Indian highest priority VIP helicopter mission transporting India's most important senior commander Bipin as well as many of India's most highest ranking captains, generals, officers, chiefs, squadron leaders all onboard crashed resulting in the death of all 14 passengers. If India cannot even guarantee their most senior military officer safety during a short and simple 4 minute flight, how can they possibly accomplish anything?
This isn't a story concocted by India's opponents to paint India's military as inept. It's a factual account supported by concrete evidence captured on video. This incident will undoubtedly be recorded in history as one of the most remarkable of all time
Who and why did ‘they’ killed your VIP’s?
Who are India’s opponents? I am from Holland and I did not hear anything of this event
He is a paxtani bot
Ignore him
His main job is to write baseless derogatory comments against India
You can see that from his last comments too
There are just a massive number of unemployed and uneducated paxtani bots writing massive amount of baseless comments on India and Hinduism .
Means literally, can u imagine 😂 going so low that one starts using religion as a tool to hurl insult on others and specially those who are actually not even bothered about them.
@@annetleroy7058
@@annetleroy7058 Don't mind him it's a Chinese bot. He is posting the same false story from last month in every video.
The accident happened because of bad weather
China has lost SO MANY
Helicopters , airplanes , military planes , even outerspace vehicles
But due dictarship in china
Not many know of all those
THAT IS THE CRUCIAL FACT
No wonder china does not permit - foreign journalist , foreign mass comunications applications
Why ?
Simple reason
Hide their very very high failures & diabolic designs
Adding a new trade war on top of the old trade war, inflation and interest rates will also go up, so people should prepare to pay a lot more
Actually there is something of tension between US and China a tug of war based on economic competition both on losing ground as the only reason is unless they both come to term now those days have gone of the 4:26 Brettenwood ascendency the simple precept is first that “ stop,forbid and abolish the direct exchange and swaps of currencies and couple the exchange of currencies with the exchange of commodities . This will at first rationalise the devaluation and inflation also normalise the trade and balance of payments deficit and will flatten the imbalance ratio of imports and exports. money is the medium of exchange to deal it as a commodity is to destroy its worth the only way for one’s salvation is to follow the above . Try workout and see if it isn’t not benificial for you this will only affect those want to import on the cheap money of others downing the money of others on the continuous ladder of devaluation.
LORD HELP JOE BIDEN TO BE MORE PROPEROUS from SOMEMORE sanction comming IN for U.S..
LORD MAINTAIN JOE BIDEN THE SUPER POWER ...LORD PROVIDE THE BEST FOR U.S. and the best
MILITARY AND INTELLIGENCE. 🙏🙏🙏🙏🙏🙏🙏
Byebye America!!!
If you can't beat them TAX THEM. Sleepy Joe
Tripling the tariffs will force the American consumers to pay 3 times more... 1+1+1=3😛😛😛