resident Biden recently raised taxes on American consumers and businesses and may have hastened the end of the dollar's world reserve currency status. President Biden did this by increasing tariffs on Chinese imports.
One of the greatest ironies in America, of all places, is that politicians have the citizens cheering on the raising of taxes on themselves. How so? Well, whenever the government spends money it doesn't have, that the Federal Reserve counterfeits
In addition to EVs, the White House has significantly increased tariffs on Chinese steel and aluminum products, lithium-ion batteries, and solar cells.
So, color me unsurprised the US says it won't allow China to dump green tech on it. After all, it isn't an isolated case. We have the clear threat of US (and maybe EU) tariffs on Chinese EVs.
The European Union's path to decarbonization might soon include a carbon dioxide emissions tariff on imported goods from countries considered climate abusers, which will attempt to upend global trade towards a 'greener' future.
Thousands of companies file trade lawsuits against the US over Trump's tariffs.
Coca Cola, Disney, Ford, Abbott Labs, Tesla, and Home Depot are among the Thousands of Companies Suing the US Over Tariffs.
...geopolitical pressure is building... The only way to see that isn't the case is to believe that pigs can fly. Which, oddly enough, seems to be prevalent among many on Wall Street...
• https://www.zerohedge.com Via S&P Global Platts In
In a volatile year for commodities and energy, S&P Global Platts' news, pricing and analytics teams explored many of the biggest themes and trends through infographics. Here are a selection.
After a phase one trade deal with the US, China said on Monday that it would slash import tariffs on a wide range of goods from around the world to boost domestic consumption.
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