Sunday, 25 May 2025

Focus on Economy

President Joe Biden arrives to speak in the Rose Garden of the White House in Washington, Tuesday, May 14, 2024, announcing plans to impose major new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China. (AP Photo/Susan Walsh)
AnalysisBusinessCritical MineralsEconomyElectionsElectric Vehicles (EVs)ElectricityIn-DepthLabourPoliticsSolarStorageTrade

New US tariffs on Chinese electric vehicles, batteries and solar cells could raise consumer prices

New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers.

U.S. President Joe Biden acknowledges White House executive chef Cristeta Comerford, at a reception celebrating Asian American, Native Hawaiian, and Pacific Islander Heritage Month, in the Rose Garden of the White House, in Washington, U.S., May 13, 2024. REUTERS/Elizabeth Frantz/ File Photo
AnalysisBusinessEconomyElectric Vehicles (EVs)In-DepthLabourManufacturingPoliticsSolarTrade

Analysis: Biden’s new China tariff wall faces leakage via Mexico, Vietnam

Analysis: The Biden administration's new tariffs on Chinese electric vehicles and other strategic sectors will likely accelerate a shift of Chinese production to...

FILE PHOTO: Chinese and U.S. flags flutter outside the building of an American company in Beijing, China January 21, 2021. REUTERS/Tingshu Wang/File Photo
AnalysisAutomotiveBusinessEconomyElectric Vehicles (EVs)In-DepthPoliticsTrade

Analysis: A US-China EV trade war threatens Biden’s clean-car agenda

Newly announced tariffs on Chinese EVs and associated parts could do provide relief for the US auto industry – but it may harm...

Office workers walk past the General Post Office building during lunchtime in Sydney, Australia May 4, 2018. REUTERS/Edgar Su/File Photo
EconomyElectionsNewsPoliticsUtilities

Australia doles out energy relief in balm for inflation

Australian energy relief estimates $3.5bn to ease the pressure of bills, while budget also proposes tax incentives for development of hydrogen power.

FILE PHOTO: U.S. President Joe Biden looks on as he holds a press conference about his meeting with Chinese President Xi Jinping before the start of the Asia-Pacific Economic Cooperation (APEC) summit in Woodside, California, U.S., November 15, 2023. REUTERS/Kevin Lamarque/File Photo
BusinessEconomyElectric Vehicles (EVs)NewsPoliticsTrade

Biden sharply hikes US tariffs on an array of Chinese imports

Steep China tariffs imposed due to 'unacceptable risks' to the United States' economy, with 100% tariff hitting cheap electric vehicles.

BuildingsEconomyEfficiencyNewsPoliticsResiliencyUtilities

B.C., Ottawa put up nearly $254M to expand heat pump rebates

The B.C. and federal governments have set aside nearly $254 million to expand rebates to convert home heating and cooling systems to more...

FILE PHOTO: Protesters gather in front of the Royal Castle during a protest of Polish farmers against the European Union's Green Deal ahead of EU parliamentary elections, in Warsaw, Poland May 10, 2024. Robert Kowalewski /Agencja Wyborcza.pl via REUTERS
AgricultureClimateEconomyLegislationNewsPolitics

Polish farmers begin hunger strike over EU Green Deal

Five Polish farmers have gone on hunger strike over European Union environmental regulations they say are driving them out of business.

AnalysisBusinessEconomyFinanceOilReports

Feedback loops: Oil prices, inflation and monetary policy

How does the price of oil interact with inflation and the monetary policy meant to keep it in check? It's complicated, according to...

FILE PHOTO: John Podesta, the White House senior adviser for clean energy, delivers a speech during the CERAWeek energy conference in Houston, Texas, U.S., March 6, 2023.  REUTERS/Callaghan O'Hare/File Photo
ClimateCoalEconomyElectricityEmissionsNewsPoliticsSolarTradeUnited Nations

US discussed ‘overcapacity’ in Chinese solar manufacturing, coal in climate talks

The United States and China discussed Chinese overcapacity in solar and battery manufacturing, steel production and coal power during two days of bilateral...

FILE PHOTO: An oil pumpjack is seen in Velma, Oklahoma U.S. April 7, 2016. REUTERS/Luc Cohen/File Photo
BusinessCourtsEconomyFinanceNewsPolitics

Oklahoma attorney general fires legal team after judge blocks anti-ESG law

Oklahoma's attorney general said he is firing the outside legal team hired to defend a state law prohibiting state pension systems from contracting...

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