In a campaign stop at a union headquarters this week, President Joe Biden called for a tripling of the tariffs on steel imports from China to 25%, from the current 7.5% rate, originally introduced by President Donald Trump. Meanwhile, Trump is apparently considering boosting tariffs if he wins this November's election, although his first-term Trade Representative, Robert Lighthizer, would prefer to narrow the trade deficit by forcing other countries to agree to a new Plaza Accord-style dollar devaluation.
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