The banking system. The banking system. And as the bbc s and as the bbc s Michelle Fleury reports, it could face even more tense relations with the us depending on who wins the race for the White House. When the measures were first announced back in may, the White House said it was in response to chinas unfair Trade Practices and to protect us jobs. At the time the chinese said they opposed the hikes and would retaliate. Analysts said the tariffs, which include a 100 duty on electric vehicles made in china, well, that they are largely symbolic, especially since chinese evs are not currently sold in the united states. As well as a rise on ev tariffs, levies on solar cells will increase to 50 , while rates on Steel And Aluminium products will more than triple to 25 . Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as Vice President Kamala Harris an
And is now the worlds fourth largest economy. It had been the second largest until china overtook it in 2010. Japan has also been battling a deflationary spiral for a generation, but that ended late last year. Mariko oi has been following the story for us from our asia business hub. What more can you tell us about ishibas economic manifesto . Well, his economic policies are still rather unclear. He has been criticised during the Election Campaign for lacking a clear economic vision. One thing we do know is that he was quite critical of the shinzo abe, who implemented investor friendly policies. During the Press Conference he held this evening he talked about how investors may have benefited, but not ordinary consumers, so we may see some changes there. The value of the japanese yen, it jumped the value of the japanese yen, itjumped because shigeru it jumped because Shigeru Ishiba itjumped because Shigeru Ishiba supported the independence of the central bank, as opposed to his oppositio
Steel and aluminium products are more than tripled to 25%. Tariff hikes and other products including semiconductor chips are set to take into effect over the next two years. The increases which impact a relatively small amount of us imports come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mrtrump clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports while ms harris has said his proposal would raise prices for the american people. Raise prices for the american eo le. . , ,. , raise prices for the american eole. . . , , people. The european union is also considering people. The european union is also considering tariffs people. The european union is also considering tariffs on also considering tariffs on china made electric vehicles and negotiations are ongoing. The block was meant to vote on the taxes earlier this week that has since been delayed. We will bring you a
Will more than triple to 25%. Tariff hikes on other products, including semiconductor chips, are set to take into effect over the next two years. The increases, which impact a relatively small amount of us imports, come as vice president kamala harris and former president donald trump have clashed over tariffs on the campaign trail. Mr trump is calling for sweeping new duties on all imports, while ms harris has said his proposal would raise prices for the american people. Meanwhile, the european union is also considering tariffs on china made electric vehicles and negotiations are ongoing. The bloc was meant to vote on the taxes earlier this week, but that has since been delayed. Us stock markets rose on thursday, with the s&p 500 closing at a record high for the third time this week. Shares of micron jumped by almost 15%. This comes after the chip company posted strong earnings and said it expected growth in the months ahead, led by the artificial intelligence boom. We are keeping an
Somebody once a Nobel Prize for their political biography, for frozen truce instead of real peers. But the only Prices Putin will give you in Return Arm more suffering and disasters we must restore nuclear Safety Energy must stop being used as a weapon. We must ensure our food security. We need to bring home all our captured soldiers and civilians possibly deported to russia. We must uphold the Un Charter and guarantee our right ukraines right to territorial Integrity And Sovereignty just as we do for any other nation, we need to withdraw the russian occupiers which will bring an end to the hostilities in ukraine. And we must hold those responsible for War Crimes accountable. We need to prevent ecocide and stop that destruction of nature caused by the war and we must not allow a second or sort face of this russian invasion. And we need to make it clear. The war is over this is the Peace Formula what part of this could be an acceptable to anyone who upholds the Un Charter if someone in