Fact Check: Did Biden do a global tariff on aluminum and steel?
What We Know
The claim that President Biden implemented a global tariff on aluminum and steel is inaccurate. The tariffs currently in place were largely established during President Donald Trump's administration under Section 232 of the Trade Expansion Act of 1962. In 2018, Trump imposed tariffs of 25% on steel and 10% on aluminum imports, citing national security concerns (source-1).
Under the Biden administration, these tariffs have been maintained, and in some cases, increased, such as the 200% tariff on Russian aluminum imports in response to the war in Ukraine (source-2). However, Biden has not enacted a new global tariff; instead, he has extended existing tariffs and exemptions, such as the two-year extension of the EU's tariff exemption (source-7).
Analysis
The assertion that Biden initiated a global tariff is misleading. The tariffs on aluminum and steel were primarily set by Trump, and Biden's actions have been more about maintaining and adjusting these existing tariffs rather than creating new ones. The tariffs imposed by Trump were justified as measures to protect American industries from foreign competition and were supported by various economic analyses that indicated a reduction in imports and a slight increase in domestic prices for these metals (source-3).
Biden's administration has focused on negotiating with trade partners to address issues related to carbon intensity and non-market capacities in the steel and aluminum industries, rather than implementing new tariffs (source-4). This indicates a more diplomatic approach rather than a unilateral tariff imposition.
The sources used in this analysis are credible, including government documents and reputable news outlets. However, it is essential to note that the context and interpretation of tariffs can vary significantly depending on the political and economic perspectives of the sources.
Conclusion
Verdict: False. The claim that President Biden enacted a global tariff on aluminum and steel is incorrect. The existing tariffs were primarily established during Trump's presidency, and while Biden has made adjustments and maintained these tariffs, he has not created new global tariffs.
Sources
- Fact Sheet: President Donald J. Trump Increases Section 232 Tariffs on Steel and Aluminum
- PDF Expanded Section 232 Tariffs on Steel and Aluminum - Congress.gov
- PDF Expanded Section 232 Tariffs on Steel and Aluminum - Congress.gov
- Statement from Ambassador Katherine Tai on Steel and Aluminum Tariff Rate Quota Extension
- Adjusting Imports of Steel into The United States
- Expanded Section 232 Tariffs on Steel and Aluminum
- Biden extends EU steel, aluminum tariff exemption for 2 years
- Trump's 50% Tariffs on Steel and Aluminum Imports