"I don't think it'll lead to any international conflict or anything like that, but I think they'll probably try to figure out how they can raise tariffs, maybe on products that are unrelated". These the words of President Biden in the aftermath of another round of tariffs - this time on $18 billion worth of imports from China.in an exclusive interview at the White House, adding the world's second biggest economy is"way over their skis" on trade.
Yahoo finance joined the president at the White House for an exclusive interview after the announcement on tariffs. Data suggests the move is largely symbolic considering the relatively small number of electric vehicles that make their way from Beijing to the United States, the Chinese are credible.You know, it's noise for, for for for the sector right now that perhaps more impactful is the broadening of the tariff list to include medical products like syringes, rubber gloves and needles and a new tax on ship to shore cranes.
Most pressing for the global economy is the very real decoupling between the US and China since trade tensions first erupted during the Trump presidency, I mean to be fair, this has been going on for years and years ever since the Trump administration, I think the first uh the US but uh Chinese companies like Huawei and others on the entity list, which made it very difficult for them to do business with us companies.It's another turn in the back and forth between Washington and Beijing.
Research from Goldman Sachs suggests there could be a material impact either way the moves come at a pivotal time for us China relations, American politics and the global economy at large.The 2011 Rookie of the Year returns for the magazine's 60th Anniversary issue alongside fellow cover stars Chrissy Teigen, Gayle King and Hunter McGradyPhoto Illustration by Luis G.
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