Biden to quadruple tariffs on Chinese EVs as he works to outfox Trump
President Joe Biden is upping the ante in his trade war with China — and with former President Donald Trump. Biden opposed Chinese tariffs during the 2020 election but is now not only matching but exceeding Trump’s tariffs on the world’s second-biggest economy. “The president is taking important enforcement action to raise tariffs in key sectors […]
We Need Tariffs to Protect ‘Stimulus’ from ‘Inflation Reduction Act’
In an interview with Bloomberg on Monday, Treasury Secretary Janet Yellen commented on reports that President Joe Biden will soon increase tariffs on China, saying that President Joe He said that this measure was being taken because he wanted to protect the country’s policies. Act” to support specific industries. “The President believes it is critical […]
Biden administration set to announce new tariffs on electric vehicles from China
The White House is set to announce new China tariffs as soon as next week, with a levy on electric vehicles and other clean energy goods. The full announcement is expected on Tuesday and will target solar goods, critical minerals, and batteries from China, according to reporting from the Wall Street Journal. The Biden administration […]
Trump Lite? Biden Reportedly Plans To Announce Election Year Tariffs On Chinese Green Tech
President Joe Biden’s administration is reportedly rushing to impose new tariffs on China as the 2024 election approaches. Bloomberg News reported, citing anonymous sources, that the new tariffs would target what the Biden administration considers key strategic areas, but would add little to the overall U.S. trade imbalance with China. It is likely that there […]
Biden Admin Reportedly Set To Significantly Strengthen Tariffs On Chinese EVs, Critical Minerals
The Biden administration is reportedly set to significantly enhance tariffs targeting Chinese electric vehicles (EVs) and other green energy-related products as early as next week, The Wall Street Journal reported Friday. The administration will approximately quadruple tariffs against Chinese EVs, and U.S. officials will also increase levies against critical minerals, solar products and batteries that […]
Stock markets, China tariffs, Novavax and Sanofi: 3 Things – Yahoo Finance
The major stock indexes (^DJI, ^IXIC, ^GSPC) are looking to end the first full trading week of May on a high, as are several European indexes. DAX Performance Index (^GDAXI), and CAC 40 (^FCHI). President Biden is reportedly scheduled to release an update on Trump-era trade tariffs on China. Novavax (NVAX) stock has soared more […]
Carney on Kudlow: Tariffs Are Not Inflationary
Breitbart economics editor John Carney said Wednesday on Fox Business Network’s “Kudlow” that “overspending by the federal government” under the Biden administration, not tariffs imposed by former President Donald Trump, is driving inflation. He said he caused it. “President Trump could raise tariffs or use tariffs as a way to force reciprocity, so they’re all […]
Rust Belt Workers Forced to Find New Jobs as Plant Closes from Lack of Tariffs
Hundreds of West Virginia workers received pay cuts and were thrown back into the labor market when West Virginia’s Weirton plant closed last week. The factory closures came after the federal government refused to impose tariffs on cheap imported tin. “It’s a tough situation. We’re used to working locally and earning a decent wage. All […]
China-Tied Solar Trade Group Reportedly Lobbied White House In Effort To Forestall New Tariffs
A major green energy industry group, whose members include Chinese companies, has lobbied the White House to avoid potential tougher tariffs targeting Chinese solar companies. The Solar Energy Industries Association (SEIA) has pressed the White House to increase support for domestic solar power producers in a bid to weaken even tougher tariff demands from U.S. […]
Senators, Union Workers Call On Joe Biden to Hike Aluminum Tariffs to Save American Jobs
A group of Republican and Democratic senators, along with the United Steelworkers (USW), are calling on President Joe Biden to raise tariffs on imported aluminum to protect American jobs. in letter Senators warned the Biden administration’s Commerce Secretary Gina Raimondo that aluminum extrusion imports put aluminum extrusion plants in the United States at risk of […]