Yellen Says China Tariffs Won’t Cause Consumer Price Increases
“I don’t believe that American consumers will see any meaningful increase in the prices that they face,” Secretary Yellen said Tuesday in an interview on the PBS NewsHour. Yellen also…
DC slammed Trump’s tariffs. Biden’s decision to keep them draws a very different reaction
The move, which Biden and his aides had telegraphed in remarks earlier this spring, was promptly condemned by leading trade groups, including those representing the U.S. tech industry and large…
China Has Gotten the Trade War It Deserves
A global trade war is starting, and China is at the center of it. A reckoning for Beijing’s economic model, which is designed to promote Chinese industry at the expense of…
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
The decision reflects deep concern within the American automotive industry, which has grown increasingly worried about China’s ability to churn out cheap electric vehicles. American automakers welcomed the decision by…
Flood of China Used Cooking Oil Spurs Call to Hike US Levies
A US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels. A group that represents the…
Biden Looks Poised to Dethrone ‘Tariff Man’ Trump
Donald Trump famously and proudly declared himself Tariff Man during his presidency, and in his 2024 campaign has promised more import taxes if he is elected. But this week —…
Biden’s coming new tariffs on China reflect ‘lessons learned’
A sweeping White House action to raise tariffs on China as early as this week “reflects lessons learned” about the behavior of the country, according to a former official who…
Biden will keep Trump’s China tariffs, and add new ones on electric vehicles
The Biden administration has decided to keep those Trump tariffs in place — and in addition, add a range of strategic items to the list. The decision was first reported…
Biden Will Tax Imported Chinese EVs 100 Percent
The U.S. auto industry and regulators are worried that if Chinese EVs reach the States, domestic makes won’t be able to compete. The Biden administration however has reportedly reached what…
Biden to Put Tariffs on China Medical Supplies
The expected moves are part of the administration’s broader strategy to protect the U.S. against supply shortages seen during the COVID pandemic that left hospitals scrambling to find critical equipment,…