China generates around 50 percent of the planet’s steel, consuming much of it domestically but exporting The remainder. The Chinese house sector, which is A significant shopper of steel, has become fighting a downturn in recent times, however the Chinese vehicle sector, A different main client, has viewed its global exports surge.
Officers inside the Biden administration mentioned The usa wanted to shield American factories that deliver steel and aluminum, including those who have lately been given new investments from authorities resources.
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