US President Joe Biden accused Beijing Wednesday of 'cheating' to keep steel prices low, as he unveiled plans to hike tariffs on Chinese steel in a campaign speech to American steelworkers.
'China's steel companies don't need to worry about making a profit because the Chinese government is subsidizing them so heavily. They're not competing, they're cheating,' Biden said at the United Steelworkers union in Pittsburgh.
Barron's
US President Joe Biden accused Beijing Wednesday of 'cheating' to keep steel prices low, as he unveiled plans to hike tariffs on Chinese steel in a campaign speech to American steelworkers.
'China's steel companies don't need to worry about making a profit because the Chinese government is subsidizing them so heavily. They're not competing, they're cheating,' Biden said at the United Steelworkers union in Pittsburgh.
Barron's
US President Joe Biden accused Beijing Wednesday of 'cheating' to keep steel prices low, as he unveiled plans to hike tariffs on Chinese steel in a campaign speech to American steelworkers.
'China's steel companies don't need to worry about making a profit because the Chinese government is subsidizing them so heavily. They're not competing, they're cheating,' Biden said at the United Steelworkers union in Pittsburgh.
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