by Clea Skopeliti on (#6MSJS)
Increased levy to protect US makers from cheap imports likely to worsen trade tensions with Beijing. Plus, chaos on the set of Francis Ford Coppola's MegalopolisGood morning.Joe Biden has announced a 100% tariff on Chinese-made electric vehicles (EVs) as part of a raft of stringent policies developed to shield US manufacturers from cheap imports.How significant is this? At the moment, it's largely symbolic - Chinese EVs have already been virtually excluded from the US market by tariffs previously introduced by Donald Trump.On the other hand ... Lobby groups have suggested Beijing could pose a future threat by using exports to make up for a frail domestic economy, which the Alliance for American Manufacturing claims would result in an extinction-level event" for US carmakers.How is this affecting aid? It's having a real impact. The HRW report found: These attacks are having a chilling effect on efforts to provide life-saving aid in Gaza." Continue reading...