US-China Trade War: Biden Calls for Tripling of Tariffs on Chinese Steel | Firstpost Tech & Trade
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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Пікірлер: 143
Politicians often fuel division among the common people, yet behind the scenes, they share similarities. Your best course of action is to plan meticulously, invest wisely from an early age, thereby minimizing stress in your later years.
@AmeliaJohnson-ow6ew
9 күн бұрын
This is undeniably true. I consistently recommend that people leave politics to politicians because they excel at manipulating emotions and diverting attention from crucial matters. This allows them to act without scrutiny, which is incredibly detrimental. I hope the next generation grasps the significance of early wealth accumulation.
@VerleneSchwanebeck
9 күн бұрын
While it may appear straightforward, the reality is quite different, especially considering the prevalence of young people engaging in the negative aspects of social media. Establishing a robust financial portfolio has grown more complex. Hence, I highly recommend those encountering challenges to explore professional guidance. This allows you to benefit from customized strategies aligned with your unique long-term objectives and financial dreams.
@VerleneSchwanebeck
9 күн бұрын
I firmly believe that achieving worthwhile outcomes often requires effort. When faced with significant decisions, especially in finance, seeking professional assistance is crucial. This approach has personally brought me substantial benefits.
@AmeliaJohnson-ow6ew
9 күн бұрын
@@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.
@Ahoooooooo
17 күн бұрын
Thx for the explanation. I guess it's all a show in us politics 🤷
@WorldIsWierd
17 күн бұрын
Then it should matter. Make the tariff 100%
@WorldIsWierd
17 күн бұрын
Then it should matter and we can make the tariff 100%😮
@TheMarcuslindberg
17 күн бұрын
Very informative, thanks!
@zxz7338
17 күн бұрын
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
@dennisestradda9746
17 күн бұрын
Literally Chyna’s shadow banks have out printed the USA
@managementreply5151
17 күн бұрын
and propaganda and WoW...
@tyronebroussard1288
17 күн бұрын
No trade or business with china period.
@micky_d_designer4743
17 күн бұрын
@@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 😅
@michaelreilly3100
17 күн бұрын
Fate of Empires. US is in decline
THE GREAT CHINA MOST SUCCEED WITHOUT ANY DELAY !!! .
Belt and Road need lots of steel.
🇨🇳 Isn’t 🇯🇵!
@davidlim5
17 күн бұрын
US could bully Japan & France. Not China ya.
@dennisestradda9746
17 күн бұрын
Yes, even weaker more polluted and hungry.
@WorldIsWierd
17 күн бұрын
Yeh china going to go through a way worst deflation period
@samanthajones4877
17 күн бұрын
@@WorldIsWierdmeanwhile, the rest of the world is suffering from massive inflation. I’d take deflation over inflation any day.
@ArthurPendragonX
15 күн бұрын
@@dennisestradda9746 black dalit you better study instead of wasting your time. Take full advantage of the reservations.
"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.
@PrincessTikikitty
17 күн бұрын
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.
Steal is threatening national security 😂😂😂
@Sahaydri11
17 күн бұрын
😢
@dennisestradda9746
17 күн бұрын
Chinese steel yes, unsafe like their baby formula and elevators
@jessicayoung1190
17 күн бұрын
@@dennisestradda9746 CIA bot
@IamHandsome4u
17 күн бұрын
@@dennisestradda9746 like boeing, oceangate submarine and that baltimore bridge?🤣🤡
@bernardopokudamptey2243
17 күн бұрын
@@IamHandsome4u😂😂😂😂😂😂
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.
@dennisestradda9746
17 күн бұрын
Yes Chyna using WTO developing nation status and exploiting our mailing services to ship their trash.
Whatever JB can screw up - he will !
Triple tariff is your citizen will pay more not suppliers
Tariff will cause inflation stay high in US. My heart goes to the ordinary citizens.
@nunkeshat8308
17 күн бұрын
No they choose other countries like India supply steel to usa
@johnkan1190
17 күн бұрын
@@nunkeshat8308 US has to rely on tariff means India steel are more expensive
@dennisestradda9746
17 күн бұрын
Better paying jobs, less Chyna junk
@WorldIsWierd
17 күн бұрын
But it also increase employment in the US to go up. So people will have more money
@badbadbadcat
17 күн бұрын
@@WorldIsWierd more money is more inflation
Americans: things are getting too expensive. Also Americans: you are selling things too cheaply.
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.
@singularity3021
16 күн бұрын
Lol!they can make their own industry 😂😂 It's just china using unfair practices to destroy countries domestic producers
In the end, it’s the American consumer who will suffer.
Well healthy competition in business is good 😂 but it's better if you just collaborate than compete...
Trump still thinking Trade War against China is easy to win...??? 😋😜😁
typical of America. ... a big bully.
Without steel you can't make bomb ..steel price will rise.
""QUADRUPLE "" !!!!
Biden won't do a damn thing
Chinese spies inside Chinese steel?? 🤡 😂 🎉
@Liboch
17 күн бұрын
To US politicians, this is possible. And unbelievably Americans would believe.
Wow! They included a QR code in their intro, India is so innovative and cool and trendy
So why don’t US help out the American steel industry like China does for its companies, instead of crying about what China do?
They also produce inferior steel
Election stunts to show hard on China 😂😂 Such a loser.
Berserk 😂😂😂
it is amazing that Chinese government is able to subsidize every Chinese-made product. Chips, EVs, steels, toys you name it.
Hey Firstpost! You're intro is TOO long! Almost 15sec, you gotta bring that down some!
The world is going towards a boiling point. Soon it's gonna burst.
We need aluminium to make Kozyrev mirrors. An invention by Dr. Kaznacheev and Dr. Trofimov for time travel.
Biden doesn't know how to pick his fights
@mindguru22
17 күн бұрын
Please guide him. Your experience from hoods should help him😅.
The US been begging for China’s help. Just don’t bother going to China uninvited to beg ever again.
Red nick
Yes to china .....No to United States of Israel
What happens when biden goes doeChina get there own ways
What is he trying to b Trump lol lol
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
@annetleroy7058
17 күн бұрын
Who and why did ‘they’ killed your VIP’s?
@annetleroy7058
17 күн бұрын
Who are India’s opponents? I am from Holland and I did not hear anything of this event
@mamtashukla6350
17 күн бұрын
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
@sanjib085
17 күн бұрын
@@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
@Bejust389
17 күн бұрын
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
When American subsidizes it's products that is okay but when other countries do it its a crime 🤔
Bhatkao Channel. Telling about the world please expose ill happening within the country.
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
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. 🙏🙏🙏🙏🙏🙏🙏
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.
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😛😛😛