Experts Say Biden’s China Steel Tariffs Unlikely to Affect Australian Iron Ore Exports

Published on April 23, 2024

Analysts agree that Australian iron ore exports will not be affected by U.S. President Joe Biden’s proposal to triple the 7.5 percent tariff rates on Chinese steel imports in an effort to safeguard the industry from unfair practices. “We do not expect proposed tariffs by the United States on Chinese steel imports to impact Australian iron ore exports,” a spokesperson of global metal mining company, Fortescue, told the Epoch Times. “Demand for steel in China has been resilient due to strong growth in manufacturing, infrastructure, and renewable energy investment. We expect this to continue in the near term.” The spokesperson further noted that while China exports around 110 million tonnes of steel every year, very little of this will enter U.S. markets....

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