Today the Biden Administration announced that it is calling on the USTR to counter China’s unfair trade practices in the steel and aluminum sectors by tripling the 301 tariffs on Chinese products imported to the US, raising the tariff rate from 7.5% to 25%. Biden also announced a 301 investigation into Chinese trade practices across the shipbuilding, maritime and logistics sectors, which may lead to additional tariffs.

You can read the full announcement here.