Trump imposed huge tariffs on imported steel and Biden is keeping them in place even as American businesses beg for relief.
by Eric Boehm
Reason.com
Steel prices are surging and American manufacturing is paying the price—literally, thanks in part to the ongoing consequences of former President Donald Trump’s tariffs, which President Joe Biden has not removed.
On Thursday, more than 300 manufacturing businesses sent a letter to the White House urging Biden to repeal Trump’s tariffs, which the signatories say have contributed to supply shortages, long lead times, and artificially high prices for key inputs made of steel and aluminum.
“It is businesses manufacturing in America such as ours who pay the tariffs on imports, and it is our businesses and employees who suffer when our product cannot compete with overseas manufacturers because the U.S. is an island of high steel and aluminum prices,” reads the letter, in part.