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Transcripts For BBCNEWS Business 20240703

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 reports. It is not often we find former President Trump and current present biden in agreement but President Biden is not only keeping tariffs enacted by Spread Assessor but increasing them. They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy on solar cells to 50 and a doubling of the Levy 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 ev to solar cells, semiconductors, steel and illuminance and even Health Equipment like gloves and masks. , equipment like gloves and masks. I,

Transcripts For BBCNEWS Business 20240703

They focus on the key technologies that power the green transition and include a 100 tariff on all chinese made electric vehicles imported into the United States. That is up from 25 . And a doubling of the levy on solar cells to 50 and a doubling of the Levy 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 ev to solar cells, semiconductors, steel and illuminance and even Health Equipment like gloves and masks. China heavily subsidised these products which china produces more of than the world can absorb and then dump the excess on the market. Driving other manufacturers around the world out of business. China has criticised the plans and vowed to take all necessary actions in response. But since the imports targeted represent less than 5 of total us imports from china the move could carry more symbolic weight and could be a move to attract voters, november. The tariffs will hav

Transcripts For BBCNEWS Business 20240703

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

Transcripts For BBCNEWS The Papers

hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are arejessica elgot, deputy political editor of the guardian and katy balls, deputy political editor of the spectator. welcome back. let s look at what is in. the metro, which headlines prince philip leaving hospital after 28 days to be reunited with the queen at windsor. an exclusive in the huffington post which says the foreign secretary told officials that britain would seek trade deals with countries that have breached international human rights standards. the financial times follows up on that story which it says have led to accusations from some tory mps that borisjohnson is going soft on china. the vaccine chaos in europe is the top story in the telegraph with brussels blaming eu governments of stockpiling jabs. the guardian headlines the growing pressure on borisjohnson to launch a public inquiry into britain s handling of covid 19. and the mail leads with the con

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