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but on capitol hill wednesday, eight us bank ceos said that s unnecessary and issued a warning that new regulations will hurt the economy and credit markets. the rule would have predictable and harmful outcomes to the economy, markets, business of all sizes and american households in ways that the federal reserve has not studied, contemplated or shared. the hearing is part of the senate banking committee s annual oversight of big banks and what a year it s been. regional bank failures, including silicon valley bank and signature bank, dominated the early part of the year. the ceo said wednesday that the industry is on steady footing and that large banks like theirs helped stabilize the industry after early 2020. the industry after early 2023 s failures. the hearing is an opportunity to win favour on capitol hill, especially from moderate democratic senators. but the real audience is the regulators responsible for the final language and implementation of the rule. google ....
but is that now unravelling, and how much damage could it do to the global economy? amid growing hostilities, politicians, they ve been putting up more barriers to trade, in particular when it comes to the technology of the future. in may, the us slapped a range of new tariffs or import taxes on china, hitting products including electric vehicles, their batteries and solar panels. and the european union, it s announced new tariffs of up to 38% on chinese electric cars, which are set to come into force onjuly 4th. now, if talks fail to solve the differences, china, it s reportedly looking at tariffs on europe s farmers, including the pork industry, as well as french cognac and luxury cars. so, why is all of this happening? well, the world s two biggest economies want control of the technology of the future, and in the west, at least, politicians want to protect jobs in the hopes of winning votes. china heavily subsidised all of these products, pushing chinese companies t ....
Together, we can go green-- Beijing Review bjreview.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bjreview.com.cn Daily Mail and Mail on Sunday newspapers.
China's response to EV tariffs may be driven by EU indicators – The Irish Times irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
EU Firms' Appetite For China Investment Sinks to Record Low bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.