Biden wants to triple tariffs on Chinese steel, aluminum

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Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 17 April 2024

⏱️ 1 minutes

🔗️ Recording | iTunes | RSS

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Summary

White House says China is flooding U.S. with artificially cheap steel, aluminum; United Airlines Q1 losses less than feared; Tesla wants shareholders to reinstate Musk’s $56 billion pay package; Transportation Department to partner with states to investigate airline passenger complaints.

Transcript

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0:00.0	President Biden wants to boost tariffs on Chinese steel and aluminum.
0:06.4	I'm Novasafo with a marketplace minute.
0:08.9	The White House says China is flooding the US with those products at artificially low prices thanks to government
0:14.8	subsidies.
0:15.9	The President wants the US Trade Representative to study the idea of tripling the current 7.5%
0:21.4	tariff on steel and aluminum imported from China.
0:25.0	United Airlines reported first quarter earnings that pleasantly surprised investors.
0:29.0	It only lost $164 million, less than expected.
0:33.4	The company is struggling in large part because of safety and production problems at Boeing.
0:38.3	Tesla is asking shareholders to reinstate CEO Elon Musk's pay package worth as much as 56 billion dollars over 10 years, a
0:46.4	Delaware judge throughout the deal in January.
0:49.2	The Transportation Department is partnering with 18 State Attorneys General to speed up investigations of airline passenger complaints.
0:56.0	Currently, only the Federal Government can investigate that states are being deputized to help as complaints increase.
1:02.0	I'm Novisafao with a marketplace minute.

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