New York Times: “China does not export a lot of steel or aluminum directly to the United States. A succession of presidents and Commerce Department rulings have already imposed many tariffs on steel from China. Tariffs have also gone up lately on Chinese aluminum. Just last September, President Joseph R. Biden raised existing tariffs on many Chinese steel and aluminum products by up to 25 percent.”
“But China dominates the global steel and aluminum industry. Its vast, modern mills make as much or more of both metals each year as the rest of the world combined. Most of it is used within China’s borders, to build everything from high-rises and ships to washing machines and cars.”
“Yet lately, China’s steel and aluminum exports are on the rise because its economy is struggling, sapping domestic demand.”
Wall Street Journal: China’s strategy in trade war: Threaten U.S. tech companies.
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