Chinese President Xi Jinping has ordered the biggest reorganization of the nation's military since 2015. It's a move that affects the force in charge of capabilities including cyber warfare. John Liu reports on Bloomberg Television.
If you think this new law will measurably increase marijuana sales, you must be smoking something.
Joe Biden told Yahoo Finance he thinks China will retaliate to sweeping new tariffs on Chinese imports, but he expects any trade conflict to be manageable.
Federal Reserve Chair Jerome Powell said Tuesday that the central bank is unlikely to raise its key interest rate in response to signs of stubborn inflation and underscored his view that price increases would soon start to cool again. Powell stressed that the Fed's preferred approach was to keep its benchmark rate at its current two-decade peak rather than increase it. “I don’t think that it’s likely, based on the data that we have, that the next move that we make would be a rate hike," Powell said.
FREDERICKSBURG, Virginia (Reuters) -The United States could see a significant response from China following any U.S. tariff actions, U.S. Treasury Secretary Janet Yellen said on Monday ahead of expected new tariffs targeting certain sectors this week. Yellen, speaking to reporters after a broadband event in rural Fredericksburg, Virginia, said she and other U.S. officials had made clear to China they could reconfigure tariffs first imposed under former President Donald Trump to be more strategic, but that any changes would be narrowly targeted. She declined to give any details of expected changes in U.S. tariffs on China, but said the Biden administration would ensure Chinese officials were informed ahead of any U.S. action.
The next recession has likely been postponed by the trillions of dollars of stimulus spent during the pandemic, one Wall Street vet says.
The Biden administration is suggesting the possibility that additional penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes. President Joe Biden on Tuesday directed the office of the U.S. Trade Representative to impose a total tariff in excess of 102% on Chinese EVs, as well as directing new tariffs on other products including steel, aluminum, computer chips and solar cells. Asked at the White House news briefing on Tuesday about new tariffs, U.S. Trade Representative Katherine Tai said, “Stay tuned.”
New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. The tariffs will be phased in over the next three years, officials said. The election-year tariffs could increase friction between the world’s two largest economies.
Here's how to tell whether you're really ready to take Social Security.
President Joe Biden ramps up pressure on China with new targeted tariffs on a range of goods as his rival Donald Trump weighs even more draconian measures should the Republican win in November.
President Joe Biden announced a new $1.6 trillion investment initiative that he plans to use to transform the U.S. However, the plan has encountered a hurdle in the form of unspent funds. Here's everything you need to know about these green energy initiatives: Biden’s plan, which aims to rebuild infrastructure and bring more environmentally friendly manufacturing back to the country, involves a significant investment of $1.6 trillion. This plan not only aims to make the country's economy greener