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White House Plans Increased Tariffs on Chinese Steel and Aluminum to Support American Low-Carbon Manufacturing Efforts.

The White House is planning to increase tariffs on Chinese steel and aluminum in an effort to boost American steel and aluminium as part of a push for low-carbon manufacturing. The proposed import penalties are part of an ongoing U.S. Trade Representative review. The Department of Energy has already announced $1.5 billion for major “green” steel projects in the US, including a near-zero emissions project by the European firm SSAB and another by US. producer Cleveland-Cliffs. Economic adviser Lael Brainard warned that China’s policy-drive overcapacity poses a serious risk to the future of the American steel industry.

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