Biden gets Trumpy on trade

News Snapshot:

Don’t expect him to admit it, but President Joe Biden has tacitly acknowledged that Donald Trump’s “America First” campaign strategy has a certain appeal. Biden has borrowed a move from the former president and begun the process of hiking US tariffs on Chinese steel and aluminum imported to the United States. Biden wants to triple the tariff, from 7.5% to 22.5%, claiming that China undercuts market prices by subsidizing its domestic manufacturers. Biden also says he’ll take new steps to prevent China from importing metals through third parties, such as Mexico, and investigate unfair Chinese practices in the shipbuilding industry....