White House unveils trade plan to boost ‘green’ steel - E&E News by POLITICO (eenews.net)
The White House is calling for a large increase in tariffs on Chinese steel and aluminum as part of a push for low-carbon manufacturing. China’s “overcapacity poses a serious risk to the future of the American steel and aluminum industry,” White House economic adviser Lael Brainard said Tuesday on a call with reporters previewing the plan. “China’s subsidies and other forms of support lead to exports flooding global markets at artificially low prices undercutting American steel that is cleaner.
Brainard said the White House is urging the U.S. Trade Representative to impose a roughly 22.5 percent average tariff on Chinese steel and aluminum imports — triple the current level of 7.5 percent.”
Thats a crazy increase. Well, Green steel wins = MGT wins. UKUS for the win!
White House unveils trade plan to boost ‘green’ steel - E&E News...
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