Stellantis CEO: electric vehicle tariffs are a trap
By Joseph White and Christoph Steitz MUNICH (Reuters) -Stellantis expects a major battle with Chinese rivals in the European market for electric vehicles, warning of significant consequences for jobs and production as a result, the group’s Chief Executive Carlos Tavares…
Why Ford Is Losing $100,000 On Every Electric Car It Sells – The Autopian
What a way to start the week. Ford is claiming it has to lose $100,000 on every EV it builds and the Biden administration is hinting it’s going to raise tariffs on Chinese cars to 100%. Get ready for a…
US exports to China down 4.3% year on year amid trade tensions: report
“It is important for us to remind US lawmakers and those in influential positions that every state and congressional district in the US maintains its own economic and trade relationship with China,” said Craig Allen, president of the non-profit group…
US exports to China down 4.3% year on year amid trade tensions: report
“It is important for us to remind US lawmakers and those in influential positions that every state and congressional district in the US maintains its own economic and trade relationship with China,” said Craig Allen, president of the non-profit group…
How China’s Cheap Exports Boost Its Economy And Kill Ours
China is flooding the world with cheap goods (aka dumping) to reboot its economy, threatening the jobs and survival of competing industries in other countries. This week, President Joe Biden, speaking to a group of union workers in Pennsylvania, called for increasing the U.S….
Xi Jinping is quietly sanction-proofing China
China is doubling down on manufacturing exports to offset the challenges posed by a sluggish property market and meet the party’s 5% GDP growth target for 2024. Despite the threat of tariffs, Xi Jinping is confident that industrial might remains…
New tariffs on Chinese metals won’t impact inflation, White House says
WASHINGTON (Reuters) – Sharply higher tariffs on Chinese metal products being considered by the Biden administration would not affect U.S. inflation and are necessary for national security, White House economic adviser Jared Bernstein said on Wednesday. “If we don’t take…