facing a flood of cheap chinese cars, europe s expected to raise tariffs on electric vehicles today. apple investors push its value up to record highs following its foray into the world of ai. we ll look ahead to the uk s latest economic data as april s gdp data is released. will it spur a bank of england rate cut? plus, supplies are squeezed for the makers of orange juice with prices going up due to extreme weather and disease. welcome to business today. we start in europe, where china is accused of drawing upon surplus capacity to dump electric vehicles at artificially low prices into the european market. policymakers in europe and the united states claim hefty state subsidies in china allow ev manufacturers to produce cars at prices that are impossible to compete with. in the us the biden administration raised its tariff on imports of chinese battery powered cars from 25% to 100%. later today, the european commission is expected to provisionally raise duties on ev s import
and many cbp customs and border protection high-level officials have told members of congress and the public that they re concerned about terrorist and known as what we call k asts, known suspected terrorists, and people in the no fly list sneaking across the southern border because of the the volume of individuals that are coming and the number of countries are coming from. i mean, this is exactly what we ve heard from republican critics of the southern border and how it s being handled at this moment is a concern that this something like this could happen and the system not working yeah, it s always a concern, especially when we would call them up the gottaways. so if you look at if one in every hundred thousand individuals who get away is a known as suspected terrorists. you can have dozens or hundreds of individuals that could potentially threats and so this is a wake-up call to all yeah. it certainly is marvin southern border. your connection broke up a little there
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