AISI Applauds Biden China Tariff Hike Announcement

WASHINGTON, D.C. – President Joe Biden today announced that he is directing the U.S. Trade Representative (USTR) to increase tariffs under Section 301 of the Trade Act of 1974 on $18 billion of imports from China – including increasing the tariff on steel products to 25 percent and quadrupling the tariffs on electric vehicle (EV) imports from China to 100 percent. Kevin Dempsey, president of the American Iron and Steel Institute (AISI), applauded the announcement:

“China continues to engage in widespread unfair trade practices that harm American steel producers and key steel-consuming industries such as the auto industry,” Dempsey said. “In particular, AISI is concerned that domestic automakers could easily be undercut by the heavily subsidized Chinese EV industry and welcomes the increased Section 301 tariffs on EVs and other clean energy products to address this threat. We appreciate the Biden administration’s commitment to addressing the challenges from China’s market-distorting, unfair trade practices on these products.”

Contact: Lisa Harrison

202.452.7115 / lharrison@steel.org

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI’s membership is comprised of integrated and electric arc furnace (EAF) steelmakers reflecting the production of both carbon and stainless steels which are critical to the everyday lives of all Americans — including national security, roads and bridges, the electrical grid, clean energy technologies and the automotive market. AISI also represents nearly 80 associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI’s website at www.steel.org. Follow AISI on Facebook, LinkedIn, Twitter (@AISISteel) or Instagram.