Ju Peng/Xinhua via Getty Images; Brendan Smialowski/AFP via Getty Images
- US President President Biden has called for a tripling of tariffs on Chinese steel and aluminum.
- China is now exporting the most steel since 2016, when it was accused of causing a global glut.
- Trade tensions are expected to heighten in the 2024 US election year.
US President Joe Biden last week called for a tripling of tariffs on Chinese steel and aluminum imports, echoing former President Donald Trump's levies on a range of goods from China.