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As the Biden administration proposes tripling duties, experts recall how previous tariffs mainly hit American consumers and industries.
Recent research finds that higher tariffs on dirtier imports could reduce carbon emissions.
The final outcome of the sale could have huge implications for both organized labor and the domestic steel economy.
If you use renewable energy to make hydrogen and use the hydrogen to manufacture steel, the process would be friendlier to the environment.
Restrictions on exports like fertilizer and steel have major economic ramifications for trading partners.
President Biden is traveling the country to promote the Bipartisan Infrastructure Law. Inflation could derail or delay that spending.
U.S. industry doesn’t produce enough of the materials, such as steel, to satisfy the need, so this may be more of an aspiration than a policy.
Russia has nickel. Nickel is a component of some stainless steel. And restaurants, food manufacturers, and breweries need stainless steel.
President Biden lifted a 25% tariff from European Union steel, but British steelmakers complain that they’re being unfairly penalized.
The pact lifts U.S. tariffs on European steel and European Union duties on bourbon and Harley-Davidson motorcycles.