Biden investments will restore manufacturing capacities: USW leader
==========
President Biden has signed off a new round of tariffs on China to restore manufacturing capacities and compete with China's overwhelming manufacturing output. The United Steelworkers (USW) International VP Roxanne Brown discusses the impact of China's manufacturing encroachments on domestic steel plants and local communities. Brown highlights that President Biden's investment policies, along with tariffs, will help domestic industry grow in the long term. She anticipates steel prices to level out as capacity returns to manufacturing hubs and confidence returns to the US economy. The Biden administration's industrial policies have had a positive impact on increasing capacity and hours of work in various sectors, including critical materials, mining, paper, and glass. Brown believes that the next decade looks promising for America's steel sector due to the foundation laid by the bipartisan Infrastructure Law, the Inflation Reduction Act, and the Chips and Science Act.
#Biden #Manufacturing #China #Tariffs #Steel #DomesticIndustry
https://finance.yahoo.com/video/biden-investments-restore-manufacturing-capacities-234000398.html
Yahoo Finance /
npub1j0e…3yhd
2024-05-15 02:36:27
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-05-15 02:36:27Event JSON
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"content": "Biden investments will restore manufacturing capacities: USW leader\n==========\n\nPresident Biden has signed off a new round of tariffs on China to restore manufacturing capacities and compete with China's overwhelming manufacturing output. The United Steelworkers (USW) International VP Roxanne Brown discusses the impact of China's manufacturing encroachments on domestic steel plants and local communities. Brown highlights that President Biden's investment policies, along with tariffs, will help domestic industry grow in the long term. She anticipates steel prices to level out as capacity returns to manufacturing hubs and confidence returns to the US economy. The Biden administration's industrial policies have had a positive impact on increasing capacity and hours of work in various sectors, including critical materials, mining, paper, and glass. Brown believes that the next decade looks promising for America's steel sector due to the foundation laid by the bipartisan Infrastructure Law, the Inflation Reduction Act, and the Chips and Science Act.\n\n#Biden #Manufacturing #China #Tariffs #Steel #DomesticIndustry\n\nhttps://finance.yahoo.com/video/biden-investments-restore-manufacturing-capacities-234000398.html",
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