Factbox: A Biden Presidency Could Bring Better Gas Mileage, Cheaper Drugs, Less Doom Scrolling
4 years, 1 month ago

Factbox: A Biden Presidency Could Bring Better Gas Mileage, Cheaper Drugs, Less Doom Scrolling

News 18  

If former Vice President Joe Biden wins the race for the U.S. president, his promises to change Corporate America range from more strict regulation on auto emissions to helping lower prices for prescription medicine. But the auto industry could also get more help with a transition to electric vehicles if Biden can deliver on promises to expand electric vehicle tax credits and fund charging infrastructure. A Biden Administration and a Democratic Congress could also mean new privacy regulations and a revision of a key law that protects internet companies from liability for the content posted on their services. If Biden wins, Fox Corp-owned Fox News could still attract a large audience, with the Democratic president’s critics rallying the network’s largely conservative base.

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History of this topic

Americans rush to buy cars, appliances before Trump's new tariffs
4 days, 5 hours ago

Americans rush to buy cars, appliances before Trump's new tariffs

China Daily  

NEW YORK -- Americans are scrambling to stock up on cars, appliances and other big-ticket imports in anticipation of new tariffs from the Donald Trump administration, a spending spree that could reignite the very inflation buyers are hoping to avoid, reported The Washington Post on Thursday. "President-elect Trump has vowed to enact widespread tariffs as soon as he takes office …

US families to bear brunt of new tariffs
Trending News
1 week ago

US families to bear brunt of new tariffs

China Daily  

Families in the United States could soon have to pay thousands of dollars more for furniture, clothes, cars, electronics and household items imported from China and other key trading partners if US President-elect Donald Trump follows through with a new round of tariffs, according to economists and trade organizations. Mary Lovely, professor emeritus of economics at the Maxwell School of …

US manufacturers are stocking up on imports ahead of tariffs
1 week, 3 days ago

US manufacturers are stocking up on imports ahead of tariffs

Live Mint  

U.S. manufacturers are stockpiling imported parts and raw materials in anticipation of President-elect Donald Trump imposing new tariffs next year. U.S. industrial manufacturers and consumer-packaged-goods companies are buying up critical parts and raw materials, such as emulsifiers and flavor enhancers, driving up demand, according to GEP, a supply-chain software company that gathers the data. U.S. businesses are giving priority to …

Here’s what could get significantly more expensive under Trump’s tariff plan
1 week, 5 days ago

Here’s what could get significantly more expensive under Trump’s tariff plan

CNN  

New York CNN — Import taxes are set to spike under the incoming Trump administration, forcing Americans to pay more for everything from foreign-made sneakers and toys to food, according to new research. “President Trump will work quickly to fix and restore an economy that puts American workers first by re-shoring American jobs, lowering inflation, raising real wages, lowering taxes, …

Biden Says Trump Economic Plan will be Disaster
Trending News
1 week, 6 days ago

Biden Says Trump Economic Plan will be Disaster

Deccan Chronicle  

Washington: Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster" in a speech hailing his own legacy in office. Biden said Trump's threats to impose huge tariffs on imports were a "major mistake" and urged the Republican to abandon proposed tax cuts. I think it'd be an economic disaster for us and the …

Trump is threatening to raise tariffs again. Here’s how China plans to fight back
2 weeks ago

Trump is threatening to raise tariffs again. Here’s how China plans to fight back

LA Times  

President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago. Trump kicked off a trade war in 2018 by imposing 25% tariffs on imports from China — including industrial machinery, cars, auto parts and television cameras. Last week, the U.S. expanded …

Trump tariffs to harm growth: Experts
Trending News
2 weeks, 1 day ago

Trump tariffs to harm growth: Experts

China Daily  

The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global impact of Trump's return …

Trump tariffs to harm growth: Experts
Top News
2 weeks, 1 day ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

Trump tariffs to harm growth: Experts
Top News
2 weeks, 1 day ago

Trump tariffs to harm growth: Experts

China Daily  

US President-elect Donald Trump The wave of tariff hikes proposed by United States President-elect Donald Trump would harm global livelihood and economic growth, while it can't help resolve the country's domestic economic issues, global experts said. They made the remarks at the 9th China Global Think Tank Innovation Forum held in Beijing on Wednesday, where experts discussed the potential global …

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us
3 weeks, 4 days ago

King’s gambit: What Trump’s threats of big tariffs on imports from China, Canada and Mexico tell us

Firstpost  

Trump has little respect for America’s vaunted exceptionalism and does not get the tenets of strategic altruism. Trump’s threat of piling tariff on Canada, Mexico and China – America’s three largest trade partners – and his promise of enacting the executive order on Day 1 of his return to office has sparked a tsunami of reactions. In each case, however, …

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different
3 weeks, 4 days ago

Trump's Tariffs In His First Term Did Little To Alter Economy — But This Time May Be Different

Huff Post  

LOADING ERROR LOADING WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. Republican presidential nominee former President Donald Trump listens during a campaign rally at Santander Arena, Monday, Nov. 4, 2024, in Reading, Pa. via Associated Press Trump also posted on Monday that Chinese imports would face additional tariffs of 10% until Beijing cracks …

Wall Street’s response to more tariffs: Been there, done that
3 weeks, 4 days ago

Wall Street’s response to more tariffs: Been there, done that

Live Mint  

Wall Street isn’t thrilled about the return of Donald Trump’s tariff threats. His newly proposed 25% tariffs on imports from Canada and Mexico—the U.S.’s two largest trading partners—would add 0.8 percentage point to a key inflation gauge next year if just half of the costs are passed on to consumers, according to a Deutsche Bank analysis. The two countries, along …

Trump’s tariffs in his first term did little to alter the economy, but this time could be different
Trending News
3 weeks, 5 days ago

Trump’s tariffs in his first term did little to alter the economy, but this time could be different

Associated Press  

WASHINGTON — Donald Trump loved to use tariffs on foreign goods during his first presidency. House Democrats put together legislation to strip a president’s ability to unilaterally apply tariffs this drastic, warning that they would likely lead to higher prices for autos, shoes, housing and groceries. Trump’s first term tariffs had a modest impact on economy Trump imposed tariffs on …

Trump's tariff war could cost Americans more than $3,200 a year, experts claim
3 weeks, 6 days ago

Trump's tariff war could cost Americans more than $3,200 a year, experts claim

Daily Mail  

American consumers would bear the brunt of Donald Trump's proposed tariffs, new analysis showed on Tuesday night as the world braced for a new era of U.S. protectionist policies. Trump proposed tariffs including the threats made to China, Mexico and Canada on Monday could lead to an increase in costs for every consumer annually, analysis found But even before the …

Why Trump’s proposed tariffs may be bad news for China and Asia
3 weeks, 6 days ago

Why Trump’s proposed tariffs may be bad news for China and Asia

CNN  

Hong Kong CNN — President-elect Donald Trump took to social media on Monday to promise massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his second term. But Trump’s planned tariffs on Chinese goods could also benefit some countries in Southeast Asia as factories may relocate from China to other places …

China warns ‘no one will win’ if Donald Trump starts trade war
4 weeks ago

China warns ‘no one will win’ if Donald Trump starts trade war

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy China shot back at Donald …

Trump reveals first-day plans, new tariffs on Canada, Mexico and China
4 weeks ago

Trump reveals first-day plans, new tariffs on Canada, Mexico and China

Firstpost  

If Trump were to move forward with the threatened tariffs, the new taxes would pose an enormous challenge for the economies of Canada and Mexico, in particular President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and …

Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
4 weeks ago

Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

Associated Press  

NEW YORK — President-elect Donald Trump threatened to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his effort to crack down on illegal immigration and drugs. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% …

'Costly': Economic expert warns $1 trillion at stake if Trump kills Biden's programs
4 weeks ago

'Costly': Economic expert warns $1 trillion at stake if Trump kills Biden's programs

Raw Story  

A key economic expert laid bare the potentially devastating consequences to the U.S. economy if Donald Trump tries to unwind President Joe Biden's legislative accomplishments when he takes office. "The White House announced today that the infrastructure bills passed during the Biden administration have spurred over $1 trillion in private sector investments," posted Steven Rattner, an MSNBC economic analyst and …

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1
4 weeks, 1 day ago

Trump ups the ante on tariffs, vowing massive taxes on goods from Mexico, Canada and China on Day 1

CNN  

CNN — President-elect Donald Trump on Monday promised massive hikes in tariffs on goods coming from Mexico, Canada and China starting on the first day of his administration, a policy that could sharply increase costs for American businesses and consumers. “This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this …

Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office
4 weeks, 1 day ago

Trump threatens to impose sweeping new tariffs on Mexico, Canada and China on first day in office

LA Times  

President-elect Donald Trump speaks at a meeting of the House GOP conference this month in Washington. President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs. “On January 20th, as one of my many first Executive …

'Lasting impact': How Biden is preventing Trump from undoing his legacy in final weeks
1 month ago

'Lasting impact': How Biden is preventing Trump from undoing his legacy in final weeks

Raw Story  

Even though President Joe Biden has pledged to peacefully handing the reins of power to President-elect Donald Trump on January 20th, he's still aiming to make sure his successor won't be able to easily undo his signature legislative accomplishments. "The CHIPS team has announced preliminary agreements with two dozen companies for CHIPS awards, and over the next two months, plans …

Opinion: Biden has a small window to make big fixes to U.S. trade policy
1 month ago

Opinion: Biden has a small window to make big fixes to U.S. trade policy

LA Times  

The return of Donald Trump to the White House in 2025 will spark a significant shift in U.S. economic policy across numerous issue areas, but changes to U.S. trade and industrial policy might be more subtle than severe. After campaigning in 2020 against the broad-based and damaging tariffs Trump imposed, President Biden maintained and even expanded U.S. trade restrictions and …

American companies are stocking up to get ahead of Trump’s China tariffs
1 month ago

American companies are stocking up to get ahead of Trump’s China tariffs

Live Mint  

By 9 p.m. on election night, it had become clear to Jason Junod that Donald Trump was returning to the White House. When Trump began his trade war against China in 2018, U.S. businesses scrambled to front-load imports before tariffs were implemented, according to an International Monetary Fund analysis. Though China’s share of U.S. imports has declined to roughly 14% …

Xi-Biden meet: Tariffs to Taiwan, what ails US-China ties as Trump looms
1 month, 1 week ago

Xi-Biden meet: Tariffs to Taiwan, what ails US-China ties as Trump looms

Al Jazeera  

Trump’s presidency could see escalating trade wars. Relations between China and the US, the world’s most important superpowers, had nosedived during Trump’s first term as president, when he started a trade war with Beijing, using punishing tariff rates. Here’s a picture of how the US-China relations soured under Biden – and what to expect under Trump 2.0: Trade wars Trump, …

Not just China, these US allies too could suffer the most by Donald Trump's tariffs
1 month, 1 week ago

Not just China, these US allies too could suffer the most by Donald Trump's tariffs

Hindustan Times  

President-elect Donald Trump has pledged to levy tariffs on imported goods as part of his second-term economic strategy. During his election campaign, Trump promised to employ tariffs to promote American companies, imposing up to 60 percent levies on Chinese goods and up to 20 percent on imports from other nations. Europe would be severely affected if… Speaking to Newsweek Dr. …

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge
1 month, 2 weeks ago

Steve Madden to cut goods imported from China by up to 45% as it prepares for Trump’s tariff pledge

Associated Press  

NEW YORK — Shoe brand Steve Madden will be cutting the goods that it imports from China by as much as 45% next year as it prepares for President-elect Donald Trump’s pledge to slap steep and sweeping tariffs on imports from other countries. But this time, he has gone much further and has proposed a 60% tariff on goods from …

Why Donald Trump’s return to power could make living in America costlier
Trending News
1 month, 2 weeks ago

Why Donald Trump’s return to power could make living in America costlier

Firstpost  

Donald Trump, who will return as the 47th President of the United States, was the clear choice for voters concerned about the economy and inflation. However, experts say Trump’s avowed policies of imposing tariffs on goods from China and Mexico and launching an immigration crackdown on millions of undocumented immigrants are likely to send inflation soaring Donald Trump’s return to …

Trump's Unpredictability Could Benefit Chinese Tech Industry: Experts
1 month, 3 weeks ago

Trump's Unpredictability Could Benefit Chinese Tech Industry: Experts

The Hindu  

The article explores the potential impact of the upcoming U.S. presidential election on the Chinese tech industry, with a focus on the impact of Donald Trump and Kamala Harris. While Trump's erratic approach could potentially benefit Chinese tech firms by easing restrictions, his combative stance and history of imposing tariffs could also have a negative impact. Conversely, Harris' more predictable …

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs
1 month, 3 weeks ago

'Bear the burden': CEOs warn major price hikes already planned to offset Trump tariffs

Raw Story  

A slew of businesses across the U.S. say they're preparing to spike prices should former President Donald Trump regain the White House in 2025, the Washington Post reported Wednesday. While Trump claimed foreign companies will pay the tariffs, the U.S. Customs and Border Protection agency demands American purchasers pay when their products enter the country, according to the Post. “We …

Trump promises to ‘revolutionize’ auto industry in pitch to Michigan voters
2 months, 2 weeks ago

Trump promises to ‘revolutionize’ auto industry in pitch to Michigan voters

Politico  

Trump’s new tax cut proposal is the latest in a series of policy initiatives designed to chip away at the Democratic Party’s historical advantages with rank-and-file union members and working-class voters. Trump will “gut those resources,” United Auto Workers President Shawn Fain told reporters before Trump’s speech on Thursday. The new Chinese vehicle restrictions and tax deduction for auto loan …

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most
3 months ago

"Misleading": Trump touts tariffs as miracle cure-all — but Americans stand to lose the most

Salon  

As ghosts and monsters prepare to strike this Halloween, Americans might find that what haunts them most are not the ghouls at the door—it's the price tags at the store. As stubborn inflation has eased, former President Donald Trump and President Joe Biden may spook Americans all over again by slapping tariffs on pretty much everything that dares cross U.S. …

Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories
3 months ago

Trump pledges tariffs and repeats false claim of Chinese automakers building big Mexican factories

New Indian Express  

DETROIT: Former President Donald Trump on Tuesday repeated false claims that Chinese automakers are putting up large factories in Mexico, vowing during a stop in the automaking state of Michigan to slap 200% tariffs on any vehicles the unbuilt plants make and ship to the United States. Trump also claimed during an event in Flint that if Democratic Vice President …

Experts: More tariffs will be costly to US consumers
3 months ago

Experts: More tariffs will be costly to US consumers

China Daily  

American consumers could soon be stung with rising costs for buying imported goods, warn economists and retail trade organizations, after the Biden administration finalized tariff increases on certain products made in China. "Lower-income US consumers will face the biggest consequences from the new tariff hikes," Thomas Fullerton, an American economist and economics professor at the University of Texas at El …

Biden imposes 100pc tariffs on Chinese electric cars
3 months, 1 week ago

Biden imposes 100pc tariffs on Chinese electric cars

The Telegraph  

Joe Biden has imposed steep tariffs on hundreds of billions of dollars of Chinese goods, despite Kamala Harris calling similar levies proposed by Donald Trump a “sales tax”. The decision comes despite Ms Harris’s criticism of Chinese tariffs proposed by Trump, which she said would amount to a tax on consumers and worsen inflation. During the presidential debate on Tuesday, …

Fact check: Trump and Vance keep falsely describing how tariffs work
3 months, 2 weeks ago

Fact check: Trump and Vance keep falsely describing how tariffs work

CNN  

Washington CNN — Former President Donald Trump and Republican vice presidential nominee Sen. JD Vance continue to falsely describe how one of their major policy proposals, across-the-board tariffs, would work. It’s a tax on another country.” And he said again during a rally in Wisconsin Saturday that “it’s not going to be a cost to you, it’s going to be …

U.S. trade deficit widens in July on imports
3 months, 2 weeks ago

U.S. trade deficit widens in July on imports

The Hindu  

The U.S. trade deficit widened sharply in July as businesses front-loaded imports in anticipation of higher tariffs on goods, suggesting that trade could remain a drag on economic growth in the third quarter. Economists polled by Reuters had forecast the trade deficit would increase to $79.0 billion from the previously reported $73.1 billion in June. President Joe Biden's administration has …

US businesses raise imports over tariff fears
3 months, 3 weeks ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

US businesses raise imports over tariff fears
3 months, 3 weeks ago

US businesses raise imports over tariff fears

China Daily  

A container ship of China's COSCO Shipping docks at a container terminal of the Port of Long Beach in California, the United States, Aug 20, 2021. "We are going to have 10 to 20 percent tariffs on foreign countries that have been ripping us off for years," he said in a speech in North Carolina on Aug 14. Mary Lovely, …

Reality is tariff hikes of no real benefit: China Daily editorial
3 months, 3 weeks ago

Reality is tariff hikes of no real benefit: China Daily editorial

China Daily  

Fully loaded container ships are seen at the port of Los Angeles, California, the United States, Oct 29, 2021. The increases were originally scheduled to be phased in from Aug 1, as the White House believes the imposition of tariffs under section 301 of the Trade Act "have been effective in encouraging China to take positive steps in addressing the …

Tuning into the narratives in the American election
5 months, 3 weeks ago

Tuning into the narratives in the American election

The Hindu  

In this year of successive world-wide elections, the issues in the United States presidential election, to be held in November, have not yet aroused considerable scrutiny. In the current deeply polarised setting, opinion polls show that supporters of the former Republican President, Donald Trump, will do so again; and the same applies to the current Democrat President, Joe Biden’s followers. …

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'
5 months, 3 weeks ago

Trump slams ‘manchurian’ Biden’s military policies as ‘insane’, claims China ‘killing US as a country'

Hindustan Times  

Donald Trump accused China of “killing” the US and alleged that Joe Biden was bringing the America closer to a world war during the first debate ahead of November’s presidential election. “China is going to own us if you keep allowing them to do what they’re doing to us as a country,” Trump told Biden during a televised debate on …

Hey, Jake and Dana: Here’s What to Ask About the Economy
5 months, 3 weeks ago

Hey, Jake and Dana: Here’s What to Ask About the Economy

Politico  

And here was Chris Wallace’s first economic question in 2020: “President Trump, you say we are in a V-shaped recovery. President Trump, you’ve criticized the U.S. central bank, the Federal Reserve, for its interest rate decisions. He even considered removing Powell from office, although it’s an open question whether the central bank chief can be legally removed solely because the …

Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship
6 months, 1 week ago

Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship

Associated Press  

WASHINGTON — Treasury Secretary Janet Yellen says Chinese “overconcentrated supply chains” pose a threat to U.S. jobs and recent investments meant to build up the U.S. green energy sector, and the Asian superpower’s pursuit of its trade policies “may interfere significantly with our efforts to build a healthy economic relationship.” In a prepared speech to Wall Street and business executives …

US trade sanctions on China can affect multilateralism
6 months, 2 weeks ago

US trade sanctions on China can affect multilateralism

Hindustan Times  

The United States -China trade war has escalated from the US banning Chinese apps to targeting domestic companies having close ties with the Chinese government. Recent anti-China legislation under the Biden administration indicates increasing economic hostility to counter Chinese trade practices on the grounds of a threat to US national security. US President Joe Biden The anti-China trade policy aims …

Biden's tariffs hinder climate goals: Experts
6 months, 2 weeks ago

Biden's tariffs hinder climate goals: Experts

China Daily  

Ko Barrett, deputy secretary-general of the World Meteorological Organization, presents a climate report in Geneva on Wednesday. Lian Yi / Xinhua The recent tariff hikes of US President Joe Biden's administration on Chinese imports, particularly on clean energy products, have drawn criticism for potentially slowing the United States' green transition and undermining its climate goals. The Office of the US …

Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
7 months ago

Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports

Associated Press  

WASHINGTON — As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier — raising its materials prices, making it harder to compete with overseas rivals and costing it several contracts. Trump, who brazenly labeled himself “Tariff Man,’’ tried to pummel America’s trading partners with import taxes, vowing to shrink …

Election 2024: Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
7 months ago

Election 2024: Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports

New Indian Express  

WASHINGTON: As president, Donald Trump imposed a 25% tariff on foreign steel, which hurt Clips & Clamps Industries, a Michigan auto supplier, raising its material prices, making it harder to compete with overseas rivals and costing it several contracts. Trump, who brazenly labelled himself "Tariff Man,'' tried to pummel America's trading partners with import taxes, vowing to shrink America's trade …

Who benefits from US tariffs on Chinese imports? Experts weigh in
7 months, 1 week ago

Who benefits from US tariffs on Chinese imports? Experts weigh in

Al Jazeera  

While the tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden. “These tariffs are very much on the margins, and the impacts on the economy will be a rounding error,” Bernard Yaros, lead US economist at Oxford Economics, told Al Jazeera. While the tariffs do not change much for the …

Biden unwisely dons the mantle of 'tariff man': China Daily editorial
7 months, 1 week ago

Biden unwisely dons the mantle of 'tariff man': China Daily editorial

China Daily  

US President Joe Biden delivers remarks at the Asian Pacific American Institute for Congressional Studies' 30th Annual Gala, at the Walter E. Washington Convention Center in Washington, US, on May 14. When asked at a news conference in Stockholm on Tuesday whether they support the European Union following the United States in slapping punitive tariffs on Chinese electric cars, along …

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