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U.S. President Joe Biden is set to announce new China tariffs as soon as next week targeting strategic sectors, including a major hike in levies on electric vehicles (EVs), according to three people familiar with the matter.
American automakers and their non-Chinese counterparts are fighting an existential battle, as local rivals in China outpace them.
Relations between great powers and their neighbouring regions are often fraught. The cases of the United States and Latin America, or the European Union and North Africa, come to mind.
But while the support of the Oscar-winning director may lead to headlines and raise awareness about the resistance of the Okinawan people toward the US military’s presence, analysts expect that opposition to the new base will ultimately have little effect given the overriding security interests of Tokyo and Washington.
While Tesla lays off more than 10% of its workforce, South Korea’s Hyundai Motor Group plans to hire 80,000 new employees, increasing its headcount by about 30% over the next three years.
Popular Chinese economist Lu Qiyuan recently claimed the US has four years to prevent a major political, social and financial crisis. It must do at least one of three things: implement structural political reform; prevent the dollar from losing its role as the global reserve currency; or create a new wave of economic growth driven by artificial intelligence (AI).
Citigroup analysts upgraded India to "overweight" from "neutral" in their emerging markets allocation on Friday, citing strong earnings and economic growth momentum.