The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris an
And is now the worlds fourth largest economy. It had been the second largest until china overtook it in 2010. Japan has also been battling a deflationary spiral for a generation, but that ended late last year. Mariko oi has been following the story for us from our asia business hub. What more can you tell us about ishibas economic manifesto . Well, his economic policies are still rather unclear. He has been criticised during the Election Campaign for lacking a clear economic vision. One thing we do know is that he was quite critical of the shinzo abe, who implemented investor friendly policies. During the Press Conference he held this evening he talked about how investors may have benefited, but not ordinary consumers, so we may see some changes there. The value of the japanese yen, it jumped the value of the japanese yen, itjumped because shigeru it jumped because Shigeru Ishiba itjumped because Shigeru Ishiba supported the independence of the central bank, as opposed to his oppositio
Will more than triple to 25%. Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports, while ms harris has said his proposal would raise prices for the american people. Meanwhile, the european union is also considering tariffs on china made electric vehicles and negotiations are ongoing. The bloc was meant to vote on the taxes earlier this week, but that has since been delayed. Us stock markets rose on thursday, with the s&p 500 closing at a record high for the third time this week. Shares of micron jumped by almost 15%. This comes after the chip company posted strong earnings and said it expected growth in the months ahead, led by the artificial intelligence boom. We are keeping an
On october eighth, in support of hamas, and the two sides have exchanged fire since then. 0ur senior international correspondent 0rla guerin reports from lebanon on the children caught up in israel s bombardments. A warning you may find elements of this report distressing. Firefighters rushing to another air strike. This one in nabatieh. They carry out the wounded. Not fighters, but children. Israel says it s targeting hezbollah sites. But it s bombing many residential areas. How old are you? he asks. Three fingers are raised. A young generation, now threatened by a war that has already killed at least 50 children this week, like the members of this family, who died together in a strike in beirut. Ali, jalal, fatima and farra, all gone. And iman and talia nasser, who took their last breaths together, also killed by israel s bombardment. But some have made it to safety, having run for their lives. My name is mehdi ahmad and my years old is ten years old. And what has been happening in
In the 11th hour with Stephanie Ruhle starts right now. Tonight, Michael Cohens crossexamination. Donald trumps defense team is trying to paint him as motivated by revenge and money. Plus, what the former president s entourage said outside the courtroom. Then President Biden announces new tariffs. What it means for the economy and the campaign. And it january 6th Takes Center Stage in tonights primaries. An officer who protected the capital and a Convicted Rioter are both on the ballot as the 11th hour gets underway on this tuesday night. Good evening, once again, im Stephanie Ruhle live from washington, d. C. And we are now 175 days away from the election. And today at Donald Trumps criminal trial in new york, Defense Attorneys got their chance to go after trumps former fixer, Michael Cohen. The defense tried to portray cohen as obsessed with the desire for revenge against donald trump himself. Here is my colleague, laura jarrett, with more. Reporter tonight, Donald Trumps defense tea