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Wall Street.

President Biden calls for a steep hike in tariffs on Chinese steel and

aluminum. Plus we'll look at how Biden's efforts to shore up support among

progressives could be coming at the expense of the support

of more critical voters.

Where Biden is losing this election is with independence.

It's with those voters in the center. It's with those

traditional swing voters that tend to decide American elections.

And the DOJ dangles the promise of immunity to executives who blow the whistle on corporate

misconduct. It's Wednesday, April 17th. I'm Luke Vargas for the Wall Street

Journal and here is the AM edition of What's News, the top headlines and business stories moving

your world today.

President Biden is calling for a more than tripling of key tariffs on Chinese steel and aluminum products from 7.5% to 25%.

Further details are expected when Biden visits swing state Pennsylvania today.

If implemented the moves would mark a doubling down on protectionism in election year in which

trade is a flashpoint, not least because a separate 25% steel tariff and 10% duty on aluminum put in place by former

President Donald Trump remain in effect.

Journal reporter Jason Douglas says American imports of Chinese steel have fallen since those Trump-era measures,

but that a recent rapid rise in Chinese exports could explain why Biden sees the need for further action.

...