The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
Category: Protectionism (Trade)
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Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
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Will Biden’s Trade War With China Get Results?
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.
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Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.
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Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.
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I.M.F. Sees Steady Growth but Warns of Rising Protectionism
The International Monetary Fund offered an upbeat economic outlook but said that new trade barriers and escalating wars could worsen inflation.
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Biden’s Trade Moves Raise Tensions With China and Japan but Draw Cheers at Home
The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump.
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Yellen Faces Diplomatic Test in Urging China to Curb Green Energy Exports
The United States wants to persuade China to dial back its green energy industrial strategy as the Biden administration subsidizes its own supply chain.
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Tesla’s Troubles Raise Questions About Its Invincibility
As the share price plunges, investors wonder whether the company, led by Elon Musk, can withstand intensifying competition.
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Flush With Investment, New U.S. Factories Face a Familiar Challenge
Worries are growing in Washington that a flood of Chinese products could put new American investments in clean energy and high-tech factories at risk.
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U.S. Scales Back Hopes for Ambitious Climate Trade Deal With Europe
A negotiating deadline is quickly approaching, and the United States has lowered its expectations for a groundbreaking trade deal.
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Could U.S. Toughness on Chinese Business Have Unintended Consequences?
Businesses fear that efforts to look tough on Beijing, which have the potential to be more expansive than moves by the federal government, could have unintended consequences.