Biden Calls for Steep Hike to Tariff on Chinese Steel
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Biden's Chinese EV tariffs don't address lingering national security concerns
The 100% Chinese EV tariffs are meant to head off economic risks, but some Democrats say Chinese EVs should be banned entirely for security reasons.CBS News - Top stories - Joe Biden -
Biden’s China Tariffs Are the End of an Era for Cheap Chinese Goods
The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.The New York Times - Top stories - China -
Will Chinese auto investment jump Joe Biden’s tariff walls?
China’s EV manufacturers looking to produce in Europe and the US will be next stage of trade war gameFinancial Times - World - Joe Biden -
A misguided move on Chinese tariffs
New Biden levies on Beijing undermine the global economy and the climate transitionFinancial Times - World -
Just one company sells Chinese-made EVs in the U.S. Here’s how it’s navigating Biden’s new tariffs.
Analysts emphasize that Sweden-based Polestar had been moving away from having its electric vehicles made in China before this month’s news about U.S. tariffs.MarketWatch - Business -
Biden's proposed tax hike would crush workers and the economy
Biden is eager for more hard-earned money from U.S. taxpayers, and he is willing to drive businesses overseas again by raising corporate tax rates.The Hill - Politics - Joe Biden -
Xi urged to respond with caution to Biden’s trade tariffs
Beijing advisers call on China’s leader to hold ‘moral high ground’ as spat with US intensifiesFinancial Times - World - Joe Biden -
What do Biden's tariffs mean for the energy transition?
Welcome to The Hill's Energy & Environment newsletter {beacon} Energy & Environment Energy & Environment The Big Story New tariffs could slow climate tech adoption As the Biden administration slaps new import tariffs on a range of metals and ...The Hill - Politics - Joe Biden -
Why the world should learn to love Biden’s tariffs
The benefits will go far beyond American shoresFinancial Times - World - Joe Biden -
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Chinese EV startup Nio is changing its global strategy with U.S., EU tariffs on the horizon
Chinese electric car startup Nio is adjusting its approach to global markets in light of geopolitical developments, CEO William Li said Thursday.CNBC - Business -
Why Biden’s China tariffs are more bark than bite
Also in today’s newsletter, how another Trump administration could reshape the energy outlookFinancial Times - World - China -
Why Biden's China tariffs could hurt his climate agenda
As President Biden strives to prove his pro-manufacturing and anti-China credentials ahead of his likely election rematch with former President Trump, his far-reaching climate agenda could pay a price. Biden this past week hiked tariffs on ...The Hill - Politics -
Biden calls for cease-fire in Morehouse commencement address
Speaking at Morehouse College's commencement ceremony on Sunday, President Biden called for a cease-fire in Gaza. Nikole Killion has more.CBS News - Top stories - Joe Biden -
Trump Media Posts Steep Loss on Little Revenue
Trump Media & Technology Group posted a steep loss and less than $1 million in revenue in the company’s first report since going public.The Wall Street Journal - World - Donald Trump -
Teslas are cheaper than ever. Here’s how Biden’s China tariffs will affect costs.
The Biden administration this week slapped stiff tariffs on Chinese electric vehicles, as well as batteries and battery parts from China.MarketWatch - Business - China -
Biden Moves to Protect U.S. Solar Panel Makers From Cheap Chinese Imports
Added tariffs and better access to subsidies for domestically made panels will play to voters and could further the U.S. adoption rate for sustainable power equipment.Inc. - Business - Joe Biden -
Biden Renews Call for Gaza Cease-Fire at Morehouse Commencement
President is seeking to shore up support from Black voters as polls show his standing eroding.The Wall Street Journal - World - Joe Biden -
Biden calls ICC prosecutor’s request for Netanyahu arrest ‘outrageous’ as Israeli PM says he is ‘disgusted’ – live
US president says ‘there is no equivalence – none – between Israel and Hamas’; Netanyahu rejects request for warrant to arrest him. ICC prosecutor seeks arrest warrants for Israeli PM and Hamas officials for war crimesThe Republican leaders of the ...The Guardian - World - Israel -
Why Sushi Chefs Pay Up to $20,000 for These Stainless Steel Knives
Crafting sushi knives is a 600-year-old tradition in parts of Japan, but they’ve rarely been made of stainless steel. Here’s how one knifemaker broke the mold and found cult status among top sushi chefs.The Wall Street Journal - World -
Senate Banking chief calls on Biden to replace FDIC chair after sexual harassment probe
Senate Banking Committee Chair Sherrod Brown (D-Ohio) called on President Biden on Monday to replace the chair of the Federal Deposit Insurance Corporation (FDIC) in the wake of reports of a toxic workplace environment at the agency. Brown is the ...The Hill - Politics - Joe Biden -
The White House says FDIC chairman to step down following report on agency's toxic workplace culture
The chairman of the Federal Deposit Insurance Corporation will step down from his post once a successor is appointedABC News - Top stories -
Prosecutor in Hunter Biden case plans to call ex-wife, brother's widow as witnesses
In court papers filed ahead of a June 3 trial, the special counsel suggested they would call multiple women who had relationships with Hunter Biden to testify.ABC News - Top stories - Joe Biden -
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How Companies Dodge Tariffs
Protectionist trade policies are popular on both the left and right. But some economists say they’re likely to backfire.The New York Times - Business -
Japan Government Bond Yields Climb on Expectations BOJ Could Reduce Bond Purchases
Japanese government bond yields rose on expectations the Bank of Japan could lower its bond buying in the coming months to support the weakening yen, Deutsche Bank Research said.The Wall Street Journal - World -
What's the latest on MLB's injured aces? Checking in on Gerrit Cole, Kodai Senga, Justin Steele and more
Heading into 2024, these 10 pitchers were being counted on to lead their teams. Here's how their squads have managed without them and what we can expect going forward.Yahoo Sports - Sports -
Not all American tariffs are created equal
Unlike Trump’s policies, the Biden trade strategy aims to build domestic industrial capacity and could be good for US alliesFinancial Times - Business -
The graduating class of Morehouse College heard Biden call for an immediate cease-fire to address a humanitarian crisis in Gaza and appeal to Black voters after a season of unrest across U.S. campuses.
The graduating class of Morehouse College heard Biden call for an immediate cease-fire to address a humanitarian crisis in Gaza and appeal to Black voters after a season of unrest across U.S. campuses.The Wall Street Journal - World -
Chinese ambassador promises 'friendship' as 2 Chinese warships dock in Cambodia
Two Chinese warships have docked at a commercial port in Cambodia, in preparation for joint naval exercises between the two countriesABC News - World - China -
Inside Britain’s Chinese student boom
Universities are increasingly reliant on a growing cohort. What does it mean on campus and off?Financial Times - World - China -
Nasdaq, S&P 500 Advance to Start Week
Stocks rose, with technology shares leading the way higher as the S&P 500 and Nasdaq Composite sought fresh record highs.The Wall Street Journal - World -
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Fed’s Mester says forecast of 3 rate cuts this year is now probably too many
“I was on the record before saying I was at the median [forecast] which was three,” Loretta Mester said Monday. “The developments I’ve seen in the economy right now, I would not think that that’s still appropriate.”MarketWatch - Business -
Tariffs Push Up Costs. But Not Always Inflation
Biden’s decision to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs.The Wall Street Journal - World -
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Chinese Regulator Flags Synopsys Acquisition of Ansys
The chip software maker disclosed in a regulatory filing that China’s State Administration for Market Regulation took the position that Synopsys must have the tie-up cleared by regulators before it can go forward.The Wall Street Journal - Business -
Are the US and Chinese economies really about to start ‘decoupling’?
Experts say Biden’s tariffs on Chinese clean tech goods are not the trade-war move some fearFinancial Times - Business -
Chinese Firms Face Authoritarianism at Home and Hostility Abroad
The experience of TikTok’s owner, ByteDance, in Beijing and Washington shows how much the ground has shifted for China’s entrepreneurs.The New York Times - Business