U.S. Steel lauds Biden's closure of tariff loophole to protect domestic steel

PITTSBURGH (TNS) — The Biden administration on Wednesday took steps to close a loophole that allowed foreign steelmakers like China to dodge tariffs by funneling product through Mexico. The new rules require greater supply chain reporting in an effort to enforce a 25% tariff on imported steel not melted or poured in Mexico. "Chinese steel and aluminum entering the U.S. market through Mexico evades tariffs, undermines our investments and harms American workers in states like Pennsylvania and Ohio," National Economic Advisor Lael Brainard told reporters Tuesday. Pittsburgh's largest steelmaker, U.S....