MADE IN AMERICA
In addition, the USTR research into shipbuilding and different industries comes after a complaint submitted by organisations, including the United Steelworkers, next month.
They urged for action to address “unreasonable and biased” policies and practices used by Beijing to occupy these companies.
The United Steelworkers ‘ union next month supported Biden, who has opposed a charge by Japan’s Nippon Steel to overtake the Pittsburgh-based US Steel.
Biden continued to make it obvious that it is “vital” for US Steel to be an American firm that is internally owned and operated, according to the White House on Wednesday.
The president, according to Biden’s regional economic assistant Lael Brainard, is aware that British metal “built our society” with steel factories that are supporting the growth of the US middle school in states like Pennsylvania and Ohio.
She said that while there is a need to invest in US production, it is also important to “protect those assets and employees from unfair export associated with China’s industrial overcapacity.”
Treasury Secretary Janet Yellen stated this month in a trip to China that the US” did not take” a situation where underpriced Chinese products flood the world market and hurt business abroad.
She brought up the issue of overcapacity with Chinese rivals as well.
But Liu Pengyu, official for China’s embassy in Washington, previously defended the rise in export , including electric cars , as” the outcome of foreign division of labor and business demand.”
The White House, however, maintained that the Biden administration “recognizes growing worries that cruel Chinese trade practices, including flooding the market with below-market-cost material, are distorting the global manufacturing marketplace and eroding contest”.