Is business today. It is packed. Were starting in the us where President Joe Biden has said that china is cheating, not competing on trade as introduced tariffs on 18 billion worth of imports and Electric Vehicles to steal. He has accused the country of unfairly subsidising its Clean Energy Sector and flooding International Markets with cheap exports which is says hertz American Businesses and workers. Our north American Business correspondent has more from new york. Its not often we find former president and agreement but we have seen President Biden keeping tariff enacted by his predecessor and increasing them. They focus on key Technologies Powering Green Transition and approve a 100 tariff on Electric Vehicles imported into the us, up from 25 . A doubling of the levy on solar cells to 50 and on semiconductors, to 50 . President biden says they are designed to protect us manufacturers from being undercut by china in the industries of the future, from Electric Vehicles to solar cells
Really great time in the netherlands. I spent three years there and further develop my football skills it was a super time. If he plays in amsterdam on saturday jim you will hope its as his shooting the song. Well find out here watching it when you use it we have so a lot more to tell you about including panic grips Global Markets as a major sellout takes hold donald trump echoes turkeys present heir to one by calling the fed crazy for hiking Interest Rates and then well have that story for you right now. To. Make your smart t. V. Smarter d. W. For smart t. V. What you want when you want to look to do extraordinary
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Mounting and not at least was the last president ial election was the cambridge analytical scandal surrounding facebook weve seen that they are real consequences from the Business Practices of some of the big tech giants with google we all saw a couple of months ago had protests from the employees because of google thinking about. A Search Engine for the Chinese Market so wherever you look there is more pressure coming up from the European Union from australia from the u. K. From france and now all still from the United States by the way basically all of the Attorney General of almost all of the u. S. States are participating in this the only example being alabama and california thats the state where google has its headquarters and the e. U. Commission has hit tech giants with hefty fines also to prove a point whos boss here one of the Companies Expect what are they to expect from the u. S. Its really hard too early to tell at this point to go on for quite some time then the companies
tensions between the u.s. and china where escalating trade wall is the most a stupid a thing in this world trade is to force the peace trade is to communicate there will be no trade deficit. issue in the next to 20 years because of technology mafias the answers to some of the world s biggest problems in technology and while he may be stepping down from his role as chairman he still wants to make a difference he says to spend more time building his philanthropic foundation put education. and now to some of the other business stories making news after months of political protests in hong kong the number of tourists visiting the city fell by 40 percent of all is the worst since the wave of demonstrations began on kong was one of the world s most visited cities last year tens of thousands of
businesses are starting to come out, like you said, profit warnings, we have to raise prices on store shelves. that will put some of the trade war burden on the consumer and things can get a little ugly if it does happen. it can certainly hurt the president if we see prices go up, but are margins so thin, bill, these companies cannot absorb anything? jordans, they re pretty expensive sneakers. don t forget, the tax rate on corporate tax rate is now down to 21%. there s a whole lot of margin there. just right there. these companies are quick to say tariffs are killing us, we have to raise prices, but do they really have to raise them? they gijust got hooked one tax cuts. they might be able to absorb tariffs but what is the point of the tariffs? why are we having this trade wall? could donald trump please articulate to the american people why he is doing this? it seems like the gang who couldn t shoot straight is in charge. this is a guy who put six of his