(PatriotNewsDaily.com) – During a recent event at the United Steelworkers headquarters in Pittsburgh, Pennsylvania, President Biden announced a series of measures aimed at protecting the U.S. steel industry from competition with Chinese imports. Highlighting his administration’s proactive stance, Biden revealed plans to potentially triple the current 7.5% tariff rate on imports of Chinese steel and aluminum, as recommended by the U.S. Trade Representative.
Furthermore, President Biden emphasized strengthening competition with China through revitalized alliances in the Pacific, naming countries such as India, Australia, South Korea, and the Philippines. He also mentioned the advancement of technologies that restrict exports to China, safeguarding U.S. national security. Biden contrasted his active approach with the previous administration’s lack of similar initiatives, stating, “For all this tough talk on China, it never occurred to my predecessor to do any of that.”
Biden’s strategy involves fostering fair competition with China, avoiding conflict while positioning the U.S. to lead in the global economic contest of the 21st century. He highlighted that under his administration, America’s economy is robust, with significant GDP growth and a reduced trade deficit with China.
In his speech, Biden also addressed the rhetoric from Trump and some Republicans who view China as an ascending power. He countered this by asserting America’s economic dominance and progress since his tenure began. Moreover, in discussions with other world leaders, Biden has underscored the challenges facing China, questioning whether any would prefer China’s position over the U.S.
Throughout his remarks, Biden not only focused on policy but also critiqued former President Trump directly. He pointed out the stark contrast in their respective records on job creation, noting that his administration has seen the creation of 15 million jobs—a record for any president in a single term. Specifically, in Pennsylvania, a critical swing state that Biden won in 2020, his policies have contributed to the creation of nearly half a million jobs, a significant recovery from the job losses recorded during Trump’s administration.
President Biden’s speech in Pittsburgh is part of a broader three-day tour in Pennsylvania, underscoring his ongoing commitment to bolstering the U.S. economy and its workforce in the face of global competition.
Copyright 2024, PatriotNewsDaily.com
