The Biden administration announced in May 2024 that it would not only leave the existing tariffs on Chinese steel and aluminum in place but is proposing to triple them. The implications for the United States steel industry is a simple matter of supply and demand. Which is why it’s time for investors to look for steel stocks to buy. The current Section 301 of the Trade Act of 1974 imposes a 7.5% tariff on steel and aluminum imports from China. The Biden administration is proposing increasing those to 25%. Th ...