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President Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports. Speaking to the United Steelworkers Union in Pittsburgh, Mr. Biden will ask the U.S. trade representative, Katherine Tai, to increase tariffs to 25 percent on certain Chinese products that currently face tariffs of 7.5 percent — or no tariffs at all — U.S. officials said. Mr. Biden will also announce a new trade representative investigation into China’s aggressive support for shipbuilders and other related industries, in response to a union complaint. And he will announce new initiatives to work with Mexican officials to block China from evading American steel tariffs by routing its exports through Mexico. The moves represent an escalating effort by Mr. Biden and his aides to stop a flood of low-cost Chinese exports from undermining made-in-America products — and jeopardizing a central focus of Mr. Biden’s economic agenda.
Persons: Biden, Katherine Tai, Mr Organizations: United Steelworkers Union, U.S Locations: China, Pittsburgh, U.S, Mexico, America
CNN —President Joe Biden called on his administration to ratchet up pressure on the Chinese steel industry as he brings his economic competition pitch to Pittsburgh, the heart of the American steel industry, on Wednesday, part of a three-day campaign trail swing through battleground Pennsylvania. The trip comes after Biden last month publicly opposed a controversial $14 billion deal for Japan’s Nippon Steel to purchase US Steel. President Biden will not impose ineffective, across-the-board tariffs that would increase costs and harm hundreds of thousands of jobs,” the official said. The United Steelworkers, a key union representing workers in the steel industry, endorsed Biden’s reelection campaign last month. Trump made tariffs against China a central feature of his global economic strategy, and Biden has largely maintained them, despite external criticism.
Persons: Joe Biden, ” Biden, Biden, Donald Trump, Katherine Tai, , Tai, Lael Brainard, ” Brainard, “ They’re, ” , , Biden’s, he’s, Trump, Xi Jinping, Lloyd Austin, CNN’s Chris Isidore, Arlette Saenz, Kevin Liptak Organizations: CNN, United Steelworkers, United States Trade, National Economic, of, Japan’s Nippon Steel, US Steel . US Steel, Justice Department, Foreign Investment, US Steel, , American, steelworkers, Biden, Trump Locations: Pittsburgh, Pennsylvania, China, America, Scranton, Philadelphia, New York City, United States, American
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPres. Biden recognizes the importance of investing in American manufacturing: CEA chair BernsteinJared Bernstein, President Biden’s Council of Economic Advisers chair, joins 'Squawk Box' to discuss Biden administration's calls for tripling of tariffs on Chinese-made steel and aluminum, the potential inflationary impact of the tariffs, state of the U.S. economy, and more.
Persons: Pres, Biden, Bernstein Jared Bernstein Organizations: Biden’s, Economic Advisers Locations: U.S
President Biden on Wednesday called for major increases to some tariffs on steel and aluminum products from China, speaking to members of a national steelworkers union in Pittsburgh as he vies with former President Donald J. Trump for votes in Northern industrial states. “These are strategic and targeted actions that are going to protect American workers and ensure fair competition,” Mr. Biden told a crowd of about 100 union members at the United Steelworkers, which endorsed him last month. “Meanwhile, my predecessor and the MAGA Republicans want across-the-board tariffs on all imports, from all countries, that could badly hurt American consumers.”The Biden administration has argued that a flood of low-cost exports from China is undermining American-made products — jeopardizing Mr. Biden’s push to expand U.S. manufacturing, a central focus of his economic agenda. In his speech, Mr. Biden said he would ask the U.S. trade representative, Katherine Tai, to increase tariffs to what White House officials said would be 25 percent on certain Chinese products that now face tariffs of 7.5 percent, or none at all, pending the outcome of an administration review of the China tariffs initially imposed under Mr. Trump.
Persons: Biden, Donald J, Trump, ” Mr, MAGA, , Biden’s, Katherine Tai Organizations: steelworkers union, United Steelworkers, MAGA Republicans, White, Mr Locations: China, Pittsburgh, Northern, American, U.S
Valdis Dombrovskis, Vice-President of the European Commission for the Euro & Social Dialogue, photographed at the Renaissance Harbour View Hotel in Wan Chai. 02DEC17 SCMP/ Xiaomei Chen (Photo by Chen Xiaomei/South China Morning Post via Getty Images)The European Union's trade chief on Wednesday warned against the "weaponization" of trade amid the latest ratcheting up of tensions between the U.S. and China. EU trade commissioner Valdis Dombrovskis told CNBC that he did not believe trade "protectionism" was the answer to heightened geopolitical tensions, but insisted that the bloc was willing to defend itself in the new trade environment. "The geopolitical landscape is changing, it's getting more fragmented, it's getting more conflictual, we see the weaponization of trade. So we need to equip ourselves also as the European Union to function in this more conflictual world," Dombrovskis told CNBC's Karen Tso.
Persons: Valdis Dombrovskis, 02DEC17, Xiaomei Chen, Chen Xiaomei, Dombrovskis, Karen Tso, Mario Draghi, Joe Biden, Katherine Tai Organizations: European Commission, South China Morning, Getty, U.S, CNBC, European Union, European Central Bank, U.S . Trade Locations: Wan Chai, South, China, EU, Pennsylvania, U.S
Read previewHenry Cavill and his girlfriend Natalie Viscuso are gearing up for a major milestone in their relationship: parenthood. October 27, 2022: Cavill and Viscuso make their red carpet debut at the world premiere of 'Enola Holmes 2'Henry Cavill and Natalie Viscuso at the world premiere of "Enola Holmes 2" at The Paris Theater on October 27, 2022, in New York. Advertisement"Partnering with Natalie Viscuso at Vertigo has been a blessing beyond words, without her we might not have found the perfect home at Amazon," he added. June 28, 2023: Viscuso supports Cavill at the season 3 premiere of 'The Witcher'Henry Cavill and Natalie Viscuso at the world premiere of season three of "The Witcher" on June 28, 2023, in London. January 24, 2024: Viscuso supports Cavill during the press tour for 'Argylle'Henry Cavill and Natalie Viscuso at the world premiere of the film "Argylle" on January 24, 2024, in London.
Persons: , Henry Cavill, Natalie Viscuso, Clark Kent, Viscuso, Natalie, Henry, he's, Cavill, Enola Holmes, Evan Agostini, Sherlock Holmes, Millie Bobby Brown, James Cameron's, Jordan Strauss, James Cameron, Scott Garfitt, Viscuco, Viscuso's, Scott A, Matthew Vaughn's, Argylle, Matthew Vaughn, Guy Ritchie's, Gus, Phillips Organizations: Service, Vertigo Entertainment, Legendary Entertainment, Business, Daily Mail, Hollywood, Paris Theater, The Paris Theatre, Dolby Theatre, Netflix, NYC, Ungentlemanly Locations: London, New York, New York City, Los Angeles, Rivia, South Korea
In an unprecedented trial, Mr. Trump is spending most of this week, and much of the coming month or two, in a Manhattan courtroom facing criminal charges. In 2020, he narrowly defeated Mr. Trump in Pennsylvania by about 80,000 votes. “I went to school here, right?” Mr. Trump, a graduate of the Wharton School of the University of Pennsylvania, reminded his audience. They say it is imperative that Mr. Biden campaign in western Pennsylvania, as well as swing areas like Erie County, which Mr. Biden flipped in 2020. Mr. Trump said last week that he would not, reversing a position he held during his term in the White House.
Persons: Biden, Donald J, ” Michael Tyler, Trump, Mr, , Trump’s, Michael Gold Organizations: Trump, Biden, Affordable, Mr, Wharton School, University of Pennsylvania, Scranton, Pittsburgh, United Steelworkers . Unions, Democrats, U.S . Steel, steelworkers, Democratic National Committee, Democratic Locations: Pennsylvania, Scranton, Manhattan, Israel, Michigan, Wisconsin, Philadelphia, Erie County, Arizona, Schnecksville, Pa
Wes Moore swiftly leaned on his military training when he learned about the Key Bridge collapse. The bridge collapse has led to the temporary closure of the critical Port of Baltimore. Wes Moore of Maryland received a call with news that seemed unthinkable. Advertisement"When I got the call, it immediately kicked you into your training," Moore said of his reaction to news of the bridge collapse. When discussing the bridge collapse that triggered the temporary closure of the Port of Baltimore, Moore told me that he held onto the mindset of expecting the unknown.
Persons: Wes Moore, , Francis Scott Key, Moore Organizations: Service, Gov, Maryland, Democratic, Army Locations: of Baltimore, Patapsco, Port of Baltimore, Afghanistan
Read previewHenry Cavill has moved past his scrapped Superman return and onto new projects, but he can still crack jokes about what could have been. In his introductory remarks before a screening of his new Guy Ritchie movie "The Ministry of Ungentlemanly Warfare" attended by Business Insider, Cavill made a subtle dig at his Man of Steel drama with DC Studios and WB. While praising his collaboration with Ritchie, Cavill noted that he'd worked with the director before, when he had a lead role in the 2015 spy film "The Man from U.N.C.L.E." I will, after all, not be returning as Superman," Cavill wrote. He also reunited with Ritchie already for the director's upcoming 2025 film "In the Grey," which will also re-team him with his "Ministry of Ungentlemanly Warfare" costar Eiza González.
Persons: , Henry Cavill, Guy Ritchie, Cavill, Ritchie, he'd, Armie Hammer, Alicia Vikander, King Arthur :, Charlie Hunnam, who'd, King Arthur, he's, Adam, Dwayne, Johnson, Zack Snyder's, James Gunn, Peter Safran, Henry, Gunn, Safran, James, Peter, Cavill hadn't, Gus March, Phillipps, Eiza González Organizations: Service, Business, DC Studios, WB, Ungentlemanly, Hollywood, renegades, Ministry, Lionsgate
Final Trades: Shell, Freeport-McMoran and Steel Dynamics
  + stars: | 2024-04-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFinal Trades: Shell, Freeport-McMoran and Steel DynamicsThe Investment Committee give you their top stocks to watch for the second half.
Organizations: Shell, Steel Dynamics The Investment Locations: Freeport, McMoran
But life at an American school was only a part-time gig for me. Related storiesIn Texas, a good education meant moving into the "good" neighborhoods to be zoned for the "good" schools. In Saudi, it meant succumbing to private school tuition, as only international private schools taught in English. My schedule was packed in Saudi ArabiaMy backpack was jam-packed with thick books from the sheer number of subjects we had to juggle in Saudi schools. I missed the posters stapled on tops of posters with dangling flyers that colored the walls of my American schools.
Persons: , didn't Organizations: Service, West University, Houston, Business, Saudi Locations: Texas, Saudi Arabia, Houston, Cowboy, Saudi
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpposition to Nippon Steel buyout of U.S. Steel '100% because of the election': Research firmTimna Tanners, managing director at Wolfe Research, discusses U.S. lawmakers' opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japan's Nippon Steel, saying "in a normal year, I think this would've been approved, it would've gone through, we wouldn't be talking about this." U.S. Steel shareholders have voted in favor of the takeover bid.
Persons: Timna Tanners Organizations: Opposition, Nippon Steel, U.S . Steel, Research, Wolfe Research, U.S, Steel, Japan's Nippon Steel Locations: U.S
Raul Rubiera | Miami Herald | Getty ImagesWhen Carolyn Lamb saw news of Cuban spy Victor Manuel Rocha's arrest on the news last December, she recognized him immediately. The lower the value of the claims, the less the Cuban government would have to pay in any future negotiated settlement. Ashby assumed Rocha's paranoia about eavesdropping was in response to the George W. Bush administration's opposition to the Cuba claims buying business. But according to the Justice Department, by that point Rocha was already in his third decade as a Cuban agent. File photo of former US ambassador to Bolivia, Manuel Rocha, talking to the press on the 11th of July 2001.
Persons: V, Manuel Rocha, Steel Hector, Davis, Raul Rubiera, Carolyn Lamb, Victor Manuel Rocha's, Rocha, Lamb, Lamb's, Castro, Justin Solomon, CNBC Castro didn't nationalize, of Rocha, Fidel Castro's, It's, Jason Poblete, Poblete, John Kavulich, Sears Roebuck, Timothy Ashby, Ashby couldn't, Ashby, George W, Bush, Little, Covert, Gonzalo Espinoza Organizations: Miami Herald, Steel, Cuban, US State Department, National Security, Cuban Telephone Company, " Beverage Company, CNBC, Pepsi, General Electric, Century Fox, Cuba Trade, Economic Council, Justice Department, Citizen, State Department, National Security Council, DOJ, Cubans, FBI, AFP, Getty Locations: America, Omaha, Bolivia, Cuba, Havana, United States, Cuban, Rocha, Columbia, Dominican Republic, Honduras, Mexico, Argentina, Miami, Chile
Philadelphia CNN —Bilal Motley, utilities manager at a former Philadelphia oil refinery, was working the graveyard shift when a massive explosion broke out in the early morning hours of June 21, 2019. “This oil refinery was talked about and passed down through generations,” Sanders said. Rachael WarrinerPES is no longer functioning as a refining company, but Sunoco, whose subsidiary Evergreen owned the former PES site, did not respond to requests for comment. The PES refinery complex was the largest source of particulate air pollution in Philadelphia. Hilco Redevelopment PartnersBut UPenn’s Neises said given the scale and history of the property, Hilco will need to take its time to redevelop the area of redevelopment.
Persons: Philadelphia CNN — Bilal Motley, I’m, ” Motley, , , Motley, trekked, Hilco, Ellen Neises, they’ll, Sonya Sanders, Sanders, ” Sanders, , Rachael Warriner, Rachel Ramirez, Phil Rinaldi, Matt Rourke, Mike Smith, ” Roberto Perez, Amelia Chasse Alcivar, UPenn’s Neises, Neises, she’s, you’re, Philly Thrive’s Sanders, there’s Organizations: Philadelphia CNN, Philadelphia Energy Solutions, US Chemical Safety, Hazard Investigation, Hilco, Partners, CNN, University of Pennsylvania’s Weitzman, of Design, longtime, Evergreen, PES, Environmental Protection Agency, Drexel University, University of Pennsylvania’s School of Medicine, Philadelphia International Airport, City of, City of Philadelphia Refinery Advisory, Hilco Redevelopment Partners, Industrial Realty, ., Philadelphia Energy Solutions Refining, United Steelworkers Union, Oil Bargaining, EPA, Locations: Philadelphia, East, Schuylkill, New York City, Chicago, longtime South Philadelphia, South Philadelphia, Grays Ferry, Breeze, City of Philadelphia, New York, Delaware, Pennsylvania, Bellwether District, , Bellwether
But tucked away securely in a string-wrapped envelope was a stack of love letters my grandfather wrote to her when they were dating. These treasured notes from the 1920s were fragile and falling apart — and a time capsule of what dating was like 100 years ago. I know how it ended — my grandparents sitting at their Formica kitchen table, watching the hummingbirds and sharing the daily newspaper — but what a gift to see how it began. I saved notes my husband wrote me when we were dating, but my kids and their friends don't communicate this way anymore. Love letters, written in cursive and sealed with a kiss, may truly be a relic of the past.
Persons: She'd, Austin — Uber, Alice, I'm Organizations: Service, Business, Texas, Sears Roebuck, tote Locations: San Marcos , Texas, Austin, Fort Worth, Waco
Nearly three years after a series of suicides shut down the Vessel, the 150-foot-tall centerpiece of the Hudson Yards complex in Manhattan, the project’s developer said on Friday that it would reopen this year with new safety measures. The beehive-shaped sculpture, with a labyrinth of about 2,500 steps and 80 landings, opened in 2019, along with much of the rest of Hudson Yards, a gleaming development in Midtown West. Not long after, in February 2020, a 19-year-old, Peter DeSalvo III, died by suicide there. The attraction will reopen once “floor-to-ceiling steel mesh” has been installed on several staircases, said Kathleen Corless, a spokeswoman for Related Companies, the developer of Hudson Yards. The measure will preserve the “unique experience that has drawn millions of visitors from around the globe,” the company said in a statement.
Persons: Peter DeSalvo III, Kathleen Corless Organizations: Hudson, Related Companies, Hudson Yards Locations: Manhattan, Hudson, Midtown West
Dr. Martin Luther King Jr. was stabbed with a seven-inch steel letter opener. The woman who stabbed him was named Izola Ware Curry. The many Izola Ware Currys in New York today are far more likely to find themselves in jail, or relegated to street corners and subway stations, than they are to receive comprehensive treatment. This disconnect can set the stage for people with mental illness to be both victims and perpetrators of real violence. Mental illness isn’t a crime, and jail isn’t the answer for those experiencing it.
Persons: Martin Luther King Jr, Izola Ware Curry, King, , Ware Locations: Harlem, New York
Diptych, dyad, dialectic: The relationship between the first pair of buildings Philip Johnson designed for his estate in New Canaan, Conn., has taxed the metaphorical imaginations of critics and architectural historians since the structures were completed, just months apart, in 1949. On one side, the Glass House, transparent and entirely self-possessed, a work of modernist daring framed in steel and inspired, as Johnson was only too happy to admit, by the designs of his hero, the German architect Ludwig Mies van der Rohe. On the other, the Brick House, sometimes called the Guest House, hiding behind its inscrutable exterior the bedroom Johnson called his “sex room,” as well as the mechanical equipment serving its more glamorous relative 105 feet away. Point, counterpoint. You could write a book about the Freudian relationship between the two buildings, linked by a tunnel carrying water and power — a connection Johnson called the “umbilical cord.” And in fact somebody has: Adele Tutter, associate clinical professor of psychiatry at Columbia University, whose 2016 study “Dream House: An Intimate Portrait of the Philip Johnson Glass House” observes that the architect, fully exposed “in his transparent house, nevertheless remained ever-connected to a source of warmth and sustenance, hidden behind a forbidding and impenetrable facade, in a house of earthen brick.”
Persons: Philip Johnson, Johnson, Ludwig Mies van der, Adele Tutter Organizations: Glass, Brick, Columbia University, Philip Johnson Glass Locations: New Canaan, Conn, Ludwig Mies van der Rohe
Some Cybertruck owners are reporting issues they say occurred shortly after delivery. AdvertisementSome Cybertruck owners are taking to the internet to report issues with their new Tesla pickup truck. Multiple owners have reported the same issueAt least five others who identified themselves as Cybertruck owners online have posted that they had seen the same warning screen. One Cybertruck owner on a Cybertruck owners forum said they'd seen the warning message, but had less success resetting the vehicle. It's not the only issue Cybertruck owners are flagging online — owners have also pointed out issues with the ADAS system and charging.
Persons: they've, , Thomas Remo, Remo, they'd, Tesla, It's, Marques Brownlee, Brownlee Organizations: Service, YouTube, Business
In the Nigeria Pavilion, Criticism Meets Optimism
  + stars: | 2024-04-13 | by ( Siddhartha Mitter | ) www.nytimes.com   time to read: +1 min
The artist was collecting material for a sonic and sculptural installation that will be presented in the Nigeria Pavilion at this year’s Venice Biennale. The event, one of the art world’s most important, opens for previews next week and to the public on April 20. Okoyomon’s steel-framed structure, erected in a courtyard, imagines a kind of radio tower, decked with bells and colonized by creeping vines. Motion sensors on the tower activate a soundtrack: It will play in the courtyard and also online, for anyone to tune in. It mixes poems by Okoyomon with music and passages from those interviews, whose respondents range from fellow artists to “strangers, someone’s cook, someone’s auntie,” Okoyomon said.
Persons: Precious Okoyomon, ” —, Okoyomon, someone’s, ” Okoyomon Locations: Lagos, Nigeria’s, boisterousness, Brooklyn, Nigeria, Venice
CNN —While Manchester City manager Pep Guardiola was watching his team play Real Madrid in the first leg of the Champions League quarter-finals on Tuesday, his watch was making headlines around the world. Guardiola was wearing an extravagant Richard Mille watch worth £1 million ($1.26 million) on his wrist at Madrid’s Estadio Santiago Bernabéu, according to TNT Sports, which is owned by Warner Bros. The limited-edition timepiece — one of only 50 ever made — is the lightest mechanical watch ever made, according to the designer, weighing only 18.83 grams including the strap. It was originally designed for 22-time Grand Slam tennis champion Rafael Nadal to wear while playing and so every element was carefully engineered to minimize its weight. Guardiola's Manchester City won the Champions League last year.
Persons: Pep Guardiola, Guardiola, Richard Mille, Estadio Santiago Bernabéu, Rafael Nadal, Oscar J . Barroso, Antonio Miró Organizations: CNN, Manchester City, Real Madrid, Champions League, Estadio, TNT Sports, Warner Bros, Europa Press, Barcelona FC Locations: Spanish
“It is important that we maintain strong American steel companies powered by American steelworkers,” he said. “US Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.”Experts said opposition from Biden and other politicians — both Republican and Democrats — make it unlikely the deal will win approval. “Six weeks ago, the United States gave Mitsui, a Japanese company, a $20 billion deal to build a crane factory here in the United States and replace all our port cranes throughout the United States. “If the administration has concerns about the Nippon Steel deal, it must seriously consider alternative outcomes. US Steel products, supported by significant capital investments from Nippon Steel, will remain mined, melted and made in America,” the company said.
Persons: Joe Biden’s, Biden, , , “ It’s, Michael Leiter, Skadden, , Kishida Fumio, , , It’s, JD Vance, Phil Gibbs, KeyBank, Gibbs, it’s, Jeff Roberson, Nucor, hasn’t, ” “ Organizations: New, New York CNN, US Steel, Japan’s Nippon Steel, Justice Department, Foreign Investment, Treasury, Commerce, Defense, State, Homeland Security, American steelworkers, Steel, , Republican, Democrats —, Japanese, United States, Mitsui, United Steelworkers, steelworkers, Ohio, Nippon, Cleveland Cliffs, Nippon Steel, Cleveland, US Steel Granite City Works, AP, US Locations: New York, United States, Japan, American, Slate, United, Cleveland, US Steel Granite City, Arkansas, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Steel shareholders vote on Nippon Steel takeover: Here's what you need to knowDan DiMicco, chairman emeritus at Nucor, joins CNBC's Squawk Box to explain why he is doesn't favor the acquisition of Pittsburgh-based U.S. Steel by Japanese-owned manufacturing giant Nippon Steel.
Persons: Dan DiMicco Organizations: U.S . Steel, Nippon Steel, Steel Locations: Pittsburgh
She flagged down a cab and asked the driver if he happened to know anyone who made the delicate paper flags. The man took her to his brother Don Rene Mendoza, who, by sheer chance, was a master of the trade. After speaking with Amezkua for more than five hours, Mendoza agreed to pass the craft tradition on to her. The Spanish also began importing papel china — thin, tissue-like paper from China, often used to wrap other goods. This confluence led to the creation of the papel picado used today to decorate a variety of celebrations in Mexican culture, most notably Day of the Dead, when it is placed around altars of deceased loved ones.
Persons: Blanka Amezkua, San Salvador Huixcolotla, Amezkua, Don Rene Mendoza, Mendoza, Papel, Marcelo Alejandro Ramirez Garcia, Rojas Organizations: International Museum of Art, Science Locations: San Salvador, Mexican, Mexico, McAllen , Texas, Spanish, China
Opinion | 2024, I’d Like You to Meet 1892
  + stars: | 2024-04-11 | by ( Jon Grinspan | ) www.nytimes.com   time to read: +1 min
By 1892, a giddily consumerist, venomously partisan Gilded Age society had gotten good at churning out campaign tchotchkes. The 1892 election marked Cleveland and Harrison’s second contest against each other. The repeated, deadening matchups of Cleveland and Harrison in 1888 and 1892 did just that. There are other rematches in American presidential history, but 1892 was the only time a sitting president lost re-election, ran four years later against his vanquisher, and won. That weird race has a message for all those planning to hit snooze on the coming campaign: Great political change can unfold when the system seems woefully stalled.
Persons: Grover Cleveland, Benjamin Harrison, Cleveland, Harrison, tchotchkes Organizations: Cleveland, Biden, Trump Locations: Cleveland
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