BEIJING (AP) The U.S.-Chinese trade war isn’t going away under President Joe Biden.
Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. But he looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports in 2017.
Negotiators might tone down Trump’s focus on narrowing China’s multibillion-dollar trade surplus with the United States and push harder to open its state-dominated economy, which matters more in the long run, economists say. But no abrupt tariff cuts or other big changes are expected.
Joe Biden won’t confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. However, Biden looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports in 2017.
Jan 26, 2021 07:59 EST
With major automobile manufacturers all over the globe facing chip shortage, the Taiwan Semiconductor Manufacturing Corporation (TSMC) is looking to raise prices for the products. The report comes courtesy of The Nikkei Asian Review, with the publication s sources reporting that increases up to 15% are being considered by the foundry that has managed to establish itself as the heart of modern-day global semiconductor supplies.
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TSMC s Crucial Role In Modern Era Tech Supply Chains Brought To The Forefront Following Auto Chip Shortages
At the heart of the current chip shortage is the post-pandemic economic environment which drove up the demand for consumer electronics, and owing to China s aggressive strategy in curbing down local infections, also increased the demand for automobiles in the country.
Fighting to maintain its access to major markets for next-generation communications, Chinese tech giant Huawei is challenging the constitutionality of a 2018 U.S. law that bars it from selling telecoms equipment to U.S. government agencies and contractors. In a motion filed late Tuesday in eastern Texas federal court, Huawei argues for summary judgment in the case in filed in March. CEO May 25, 2019
Like many suburban shopping areas, Overland Park, Kansas, has a Whole Foods grocery store and a Cheesecake Factory. Now, it’s among the first to have a Sears Home & Life store. For five decades, from 1967 to 2017, Sears had presence in the booming town, which is also home to Sprint ‘s headquarters.