War in Ukraine Deepens Divide Among Major Economies at G20 Gathering
Posted inEconomic Conditions and Trends Group of Twenty India International Monetary Fund Russian Invasion of Ukraine (2022) Treasury Department United States United States Economy United States International Relations United States Politics and Government

War in Ukraine Deepens Divide Among Major Economies at G20 Gathering

Treasury Secretary Janet L. Yellen urged her counterparts at a summit in India to condemn Russia’s actions, and she defended the cost of supplying aid to Kyiv.
U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies
Posted inBatteries Biden, Joseph R Jr Electric and Hybrid Vehicles Inflation Reduction Act of 2022 International Trade and World Market Manchin, Joe III Tax Credits, Deductions and Exemptions Treasury Department United States Economy United States Politics and Government

U.S. Eyes Trade Deals With Allies to Ease Clash Over Electric Car Subsidies

The Biden administration has faced backlash in Europe and Asia over its plans to bolster electric vehicle and battery production.
China’s Economic Support for Russia Could Elicit More Sanctions
Posted inBiden, Joseph R Jr Blinken, Antony J China Computer Chips Defense and Military Forces Embargoes and Sanctions International Relations International Trade and World Market Russia Russian Invasion of Ukraine (2022) State Department Treasury Department Ukraine United States International Relations United States Politics and Government

China’s Economic Support for Russia Could Elicit More Sanctions

U.S. officials pledged to crack down on shipments to Russia that can be used for both civilian and military purposes, but that has proved hard to police.