• Login
  • Home
  • News
  • Sports
  • Reel
  • World

    Trump says US-Iran deal to be signed on Sunday as Tehran casts doubt on timing

    King leads tributes to 'giant of the art world' David Hockney

    Pope Leo visits Canary Islands to highlight perilous journeys of migrants

    Bill Gates says Epstein wanted personal relationship, but he 'never reciprocated'

    Trump says Iran shot down US helicopter and vows to respond

    'City's gonna be crazy:' Knicks run electrifies NYC, as Trump's attendance locks down arena

    Trump abruptly ends NBC interview after clash over 'rigged election' claim

    Hegseth attacks Europe over ‘invasion’ of migrants in D-Day speech

    Everest guide survived six-day ordeal by eating chocolate and 'chewing ice'

  • Worklife
  • Travel
  • Future
  • More
    • Culture
    • Music
No Result
View All Result

Welcome to World News & Todays Top News Stories

Sunday, June 14, 2026
  • Home
  • News
  • Sports
  • Reel
  • World

    Trump says US-Iran deal to be signed on Sunday as Tehran casts doubt on timing

    King leads tributes to 'giant of the art world' David Hockney

    Pope Leo visits Canary Islands to highlight perilous journeys of migrants

    Bill Gates says Epstein wanted personal relationship, but he 'never reciprocated'

    Trump says Iran shot down US helicopter and vows to respond

    'City's gonna be crazy:' Knicks run electrifies NYC, as Trump's attendance locks down arena

    Trump abruptly ends NBC interview after clash over 'rigged election' claim

    Hegseth attacks Europe over ‘invasion’ of migrants in D-Day speech

    Everest guide survived six-day ordeal by eating chocolate and 'chewing ice'

  • Worklife
  • Travel
  • Future
  • More
    • Culture
    • Music
No Result
View All Result
No Result
View All Result
ADVERTISEMENT

Biden hits Chinese electric cars and solar cells with higher tariffs

May 14, 2024
in Business
3 min read
0


In a briefing with reporters, White House officials denied that domestic politics had influenced the decision.

They said the US measures were sparked by business practices by Beijing that harm the US, for example forcing western companies to share information and then stealing it.

They also said the moves were targeted and said they did not expect them to stoke inflation, contrasting their approach with that of Mr Trump.

The former president, who once called himself a “tariff man”, has campaigned on a proposed across-the-board 10% tariff on foreign imports, which would jump to 60% for goods from China.

He has also attacked Mr Biden for promoting electric vehicles, a move he has argued will destroy US car companies, key employers in states such as Michigan that will be key election battlegrounds in November.

The US already imposes steep tariffs on electric vehicles made in China, which has made sales of such cars negligible.

But Washington has been watching warily as sales by Chinese companies in Europe and other countries increase.

White House officials said ensuring that green technologies were not dominated by a single country was critical to making the transition successful and sustainable in the long run.

While moves targeting electric vehicles are likely to have minimal practical effect, the business world is waiting to see if Europe will take similar steps, said Natasha Ebtehadj of Artemis Investment Management.

The European Union and the UK are among the other places debating moves to curb imports of Chinese-made electric cars, even at the risk of slowing their adoption.

“It’s not really a surprise to investors or to Chinese companies, especially in the run-up to an election where both candidates are not really pro-China,” she said.

“Given the relatively small volume of imports to the US, it’s maybe more interesting what happens next in Europe.”

The US and China have been locked in a trade war since 2018, when Mr Trump imposed tariffs on some two thirds of goods imported from China, at the time worth an estimated $360bn.

The measures prompted retaliation by Beijing, a stand-off that ended in a détente in early 2020 when Mr Trump reduced the rate of some tariffs, while China pledged to boost its purchases from the US.

Those promises have fallen short, but the tariffs have since yielded more than $200bn according to the US, external in new border taxes for the US government, while prompting a major reshuffling of global trade patterns.

Much of that sum has been paid by everyday Americans in the form of higher prices for furniture, footwear and other goods.

However, in a research note, Oxford Economics described the latest plans as “more symbolic bark than bite”.

The firm said they were likely to lift inflation by a negligible 0.01 percentage points, while weighing on growth in a similar way, calling the effect a “rounding error”.

Reporting contributed by World Business Report radio



Source link

Related posts

UK electric car sales target set to be weakened

June 14, 2026

Teen plans to leave uni 'debt free' after making £35,000 selling vintage football shirts

June 13, 2026
Previous Post

The woman fighting fire and tradition – BBC REEL

Next Post

Hibs ‘lost in the dark’ as another manager search begins

Next Post

Hibs 'lost in the dark' as another manager search begins

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

  • UK electric car sales target set to be weakened
  • Farage says Reform has contacted X 'to highest level' over fake AI ads
  • Molly Russell's dad says PM rushing social media restrictions 'deplorable'

Category

  • Business
  • Have your say
  • In Pictures
  • Politics
  • Reel
  • Sports
  • Technology
  • Top News
  • World
  • Home
  • News
  • Sports
  • Reel
  • World

    Trump says US-Iran deal to be signed on Sunday as Tehran casts doubt on timing

    King leads tributes to 'giant of the art world' David Hockney

    Pope Leo visits Canary Islands to highlight perilous journeys of migrants

    Bill Gates says Epstein wanted personal relationship, but he 'never reciprocated'

    Trump says Iran shot down US helicopter and vows to respond

    'City's gonna be crazy:' Knicks run electrifies NYC, as Trump's attendance locks down arena

    Trump abruptly ends NBC interview after clash over 'rigged election' claim

    Hegseth attacks Europe over ‘invasion’ of migrants in D-Day speech

    Everest guide survived six-day ordeal by eating chocolate and 'chewing ice'

  • Worklife
  • Travel
  • Future
  • More

© 2023 GODJ - NEWS CORP - news.godj.com.

  • Home
  • News
  • Sport
  • Reel
  • Travel
  • WorkLife
  • Future
  • World
  • Technology
  • Login

© 2023 GODJ - NEWS CORP - news.godj.com.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In