Staying with the us President Joe Biden has increased tariffs on 18 billion worth of imports from china. Hes accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap goods. From new york, the bbc s erin delmore has more. Its not often we find former President Trump and curtin President Trump and curtin President Biden in agreement, but now we are seeing President Biden not only keeping tariffs enacted by his predecessor, but increasing them. They focus on the key technologies that power the key technologies that power the green transition and include a 100 tariff on all chinese made electric imported into the us thats up from 25 and a doubling on the levy of solar cells to 50 and semiconductors. President biden says they are designed to protect us manufacturers from being undercut by Chinese Industries in the future, from tvs, semiconductors, steel and aluminium, and even masks. China heavily subsidises these products, far more t
In that direction. Its notjust investments coming from the outside, in this regard, the us is investing in itself. 6. 6 billion as part of the chips act. This is a significant amount of money, isnt it . You have to put this in some context, though. Other countries, like taiwan, likejapan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which has reached Something Like 40 billion for the most advanced Semiconductor Manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. Us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. During a press conference, yellen said us Pres
In that direction. Its notjust investments coming from the outside, in this regard, the us is investing in itself. 6. 6 billion as part of the chips act. This is a significant amount of money, isnt it . You have to put this in some context, though. Other countries, like taiwan, likejapan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally playing the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which has reached Something Like 40 billion for the most advanced Semiconductor Manufacturing facilities, so government assistance here can be crucial to sort of making the facilities more viable commercially. Us treasury secretary janet yellen has wrapped up four days of meetings in china with a warning that the us will not accept new industries being decimated by chinese imports. During a press conference, yellen said us Pres
Advanced semiconductors by 2030. This is a big step in that direction. 2030. This is a big step in that direction. Its not ust investments i that direction. Its not Ust Investments Coming H that direction. Its notjust investments coming from | that direction. Its notjust i investments coming from the outside in this regard, the us is investing in itself. This is a significant amount of money, isnt it . ,. ,. , , isnt it . You have to put this in some isnt it . You have to put this in some context, isnt it . You have to put this in some context, other in some context, other countries like taiwan, like japan, like south korea, they been investing in their Semiconductor Industries for a long time, so this is the us finally getting in the game of investing in this type of manufacturing which requires in most cases requires some Government Investment to defray the cost of these facilities which is Something Like 40 billion for most advanced Semiconductor Manufacturing facilities, so governm
ukrainian children and civilians. more than 90 heads of state and governments are attending. it makes it the largest world leader gathering solely focused on ukraine since the invasion began more than two years ago. but russia has not been invited and china is not attending. sarah rainsford filed this report from day one at burgenstock. shattering the peace of a swiss mountainside for the cause of peace in ukraine. volodymyr zelensky came to meet delegations from all over the world, coming together here to begin seeking out a path towards ending the war waged by russia. talking peace is new territory for kyiv, but now, it s seizing the initiative, hoping for a broad global alliance that can help push for a settlement on ukraine s terms. 101 states and international organisations are now at this summit and this is a tremendous success, our success, the common success of all those who believe that a united world, united nations, are stronger than any aggressor. russia wasn t at