The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.
Category: Presidential Election of 2024
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Biden Will Raise Tariffs on Chinese Electric Vehicles, Chips and Other Goods
The president is set to announce increased taxes on Chinese imports in strategic industries, building on former President Donald J. Trump’s tariffs.
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How Biden’s Trade War With China Differs From Trump’s
The president is trying a targeted approach, with allies, to beat Beijing in the race to own the clean energy future. Those weren’t his predecessor’s goals.
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Biden Looks to Raise Taxes on Wealthy and Corporations to Shave Deficit
Lael Brainard, the director of the National Economic Council, said lawmakers should raise taxes on companies and the wealthiest while extending the 2017 cuts for those making less than $400,000.
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Why Companies Are Nervous About the Consumer
On earnings calls, dozens of corporate executives have cited a slowdown in spending to explain why sales are slipping.
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Political Furor Over U.S. Steel Bid Puts Cfius in Spotlight
Backlash over the deal has echoes of the 1980s when Nippon Steel tried and failed to buy another American metal company.
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The Fed Tries to Steer Clear of Politics, But Election Year Is Making It Tough
Economists are wondering whether political developments could play into both the Fed’s near-term decisions and its long-term independence.
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Federal Money Is All Over Milwaukee. Biden Hopes Voters Will Notice.
White House officials have barnstormed Wisconsin to make the connection between big changes and their signature laws.
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How the High Cost of Borrowing May Skew the Presidential Race
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.
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Biden Delays Ban on Menthol Cigarettes
The proposal had been years in the making, in an effort to curb death rates of Black smokers targeted by Big Tobacco. In an election year, the president’s worries about support among Black voters may have influenced the postponement.