who can t afford it. martha: the dow is up a lot on that news. in less than 24 hours, we ll know if the u.s. is officially entering a recession. charles payne joins me on that. and the other big story that we start the hour with here on this wednesday, china. warning the united states saying that when it comes to nancy pelosi s trip, it s a red line for them. china recognizes obviously china believes that taiwan is part of china, that it s not an independent country that can greet u.s. officials on their own. when asked were republicans from the hill will join her on this trip, the speaker said this. i never talk about travel. it s a danger to me. so why is the white house trying to dissuade this trip? we ll ask john kirby about that. he joins us in a few moments from there. first, to gillian turner covering this story for us today. it s a story that keeps moving all throughout the last couple hours, gillian. what is the very latest? martha, this just in. the secretary
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
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