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☆ Trump called the climate crisis a scam. It could prove a gift to China.
▼ + stars: | 2024-11-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +6 min

AdvertisementPresident-elect Donald Trump has long questioned the reality of the climate crisis, describing it as a "scam" and accusing policies to tackle the crisis of destroying US jobs. AdvertisementChina, as part of its "Belt and Road" initiative to grow its global influence, has provided developing countries with renewable energy technologies, including wind farms. AdvertisementThe US lags China as a clean tech economic power. There are also doubts over how much China is willing to take an international leadership role on climate issues. Assuming a leadership role would likely require China to send money to other countries, said Crowther.

Persons: Donald Trump, —, Herbert Crowther, we're, Lily McElwee, Xi Jinping, Trump, Daniel Araya, Biden, Joe Biden's, Crowther, Xi Organizations: Service, Eurasia Group, Business, Biden, China Studies, Center for Strategic, International Studies, Trump, Getty, Brookings Institute, International Energy Agency, Reuters Locations: Paris, China, New York, Baku, Azerbaijan, Washington ,, Beijing, United States, Gansu Province, Washington , DC, Brazil

☆ Lobito Corridor: Angola’s US, Europe-backed railway could change how minerals move in Africa – and globally
▼ + stars: | 2024-11-04 | by ( Amy Gunia | Jackelyn Prager | ) edition.cnn.com time to read: +6 min

CNN —In late August, a container vessel sailed out of Angola’s Port of Lobito carrying railway operator Lobito Atlantic Railway’s first shipment of copper from the Democratic Republic of Congo (DRC) to the US. That’s about 30 days faster than a road journey, according to Francisco Franca, the CEO of Lobito Atlantic Railway (LAR), a consortium of firms that took over operations of the railway in January. The ship took Lobito Atlantic Railways first shipment of copper to the US. “Lobito Corridor is not just a railway line, but is the economic development along the corridor,” said Franca, the CEO of LAR. For companies like his, the benefits of the Lobito Corridor are clear.

Persons: CNN —, Francisco Franca, Franca, LAR, Washington jostle, Emmet Livingstone, Joe Biden, “, David Reekmans, Reekmans, Asia ”, Trump, Joao Manuel Goncalves Lourenco, Evelyn Hockstein, Xi Jinping, ”, Wamkele Mene, Décio Catarro Organizations: CNN, Democratic, Lobito Atlantic Railway, Washington, MSC, Lobito Atlantic Railways, Atlantic Railway, Initiative, Benguela Railway, Partnership for Global Infrastructure, Investment, Getty, Port, White House, Reuters, African Continental Free Trade Area, Industry Locations: Angola’s Port, Lobito, Democratic Republic of Congo, DRC, Europe, Kolwezi, Angola, Africa’s, Beijing, Benguela, China, Africa, Washington, AFP, America, Asia, Zambia, Tanzania, Tanzanian

☆ The E.U. is imposing duties on electric vehicles from China after trade talks fail
▼ + stars: | 2024-10-30 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Ap-Live-Blog-Byline-Image.Png | The Associated Press | ) www.nbcnews.com time to read: +3 min

BRUSSELS, Belgium — The European Union is imposing duties on imports of electric vehicles from China starting Wednesday after talks between Brussels and Beijing failed to find an amicable solution to their trade dispute. According to the commission, which manages trade disputes on behalf of the 27 E.U. member countries, sales of Chinese-built electric cars jumped from 3.9% of the EV market in 2020 to 25% by September 2023, in part by unfairly undercutting E.U. Other EV manufacturers in China, including Western companies such as Volkswagen and BMW, would be subject to duties of 20.7%. The measures were published in the bloc’s legal Official Journal late Tuesday, meaning duties entered into force as of midnight, said E.U.

Persons: we’re, Valdis Dombrovskis, undercutting, ’, Hildegard Müller, VDA, ” Müller, E.U, Arianna Podesta Organizations: Trade Organization, SAIC, Geely, Volvo, Britain’s MG, EV, Volkswagen, BMW, China’s Commerce Locations: BRUSSELS, Belgium, China, Brussels, Beijing, Germany

☆ I'm a telecommunications expert — here's how I think IoT can help prevent wildfires and save our forests
▼ + stars: | 2024-10-02 | by ( Erin Greenawald | ) www.businessinsider.com time to read: +5 min

Carsten Brinkschulte, who founded Dryad Networks, built an IoT network to detect wildfires. He's motivated by the impact of his work and urges founders and engineers to move to green tech. The first was how to detect fires. To solve for this, we developed our own solar-powered mesh gateway that could connect to sensors via an IoT network and relay information back to a cloud platform. The Silvanet mesh gateway connects sensors to an IoT network.

Persons: Carsten Brinkschulte, they've Organizations: Dryad Networks, Service, Dryad

New U.S. tariffs on $18 billion in Chinese goods take effect Friday as trade tensions intensify between the world’s two largest economies. For example, the U.S. imports almost no Chinese EVs, largely because of an existing 27.5% tariff that is now increasing to 100%. Lithium-ion batteries, however, are a different story, accounting for about $13 billion of the $18 billion in affected Chinese goods. Similarly, the U.S. has been increasing its Chinese imports of natural graphite, another crucial component of EVs. “Cheaper Chinese solars and cheaper Chinese EVs can actually take jobs away from a lot of manufacturers in, say, the West.

Persons: Donald Trump, Joe Biden, Trump, Chim Lee, ” Lee, Charles Benoit, “ that’s, Benoit, ”, Biden, Julie Kozack, Lee, it’s Organizations: Economist Intelligence Unit, Biden, China, European, Coalition for, Prosperous, International Monetary Fund, U.S Locations: U.S, Beijing, China, Asia, Southeast Asia, Mexico, Malaysia, Prosperous America

☆ Voters in Dalton, Georgia, stick with Trump despite Biden’s clean energy law that revived growth there
▼ + stars: | 2024-09-27 | by ( Phil Mattingly | Andrew Seger | ) edition.cnn.com time to read: +11 min

Dalton, Georgia CNN —The face of a new era in American manufacturing is here, just off Interstate 75, tucked into this northwest corner of Georgia. That’s where you’ll find the Qcells plant that pumps out 32,000 solar panels a day and has a total panel production capacity of 5.1 gigawatts. They’re contributing back into the local community, paying taxes,” Nash said. The Qcells solar panel plant in Dalton, Georgia CNNTrump strikes a chordLocated in the congressional district represented by GOP firebrand Marjorie Taylor Greene, Dalton is Trump country. “You want to ask me that after November?” Nash, the Qcells plant manager, responded when asked about the future for the industry.

Persons: Dalton, ”, Lisa Nash, “, didn’t, it’s, ” Nash, Biden, “ We’ve, Scott Moskowitz, Kamala Harris, Andi Rice, she’s, Kimberly Richardson, Harris, Richardson, Qcells, ” Richardson, Donald Trump, ” Kasey Carpenter, Dalton , Georgia CNN Trump, Marjorie Taylor Greene, ” Carpenter, Trump, George, Kasey Carpenter CNN, Brian Kemp –, can’t, Matt Santini, CNN's Phil Mattingly, “ It’s, ” Santini, Carpenter, –, there’s, Mattingly, It’s, ‘ Don’t Organizations: Georgia CNN, CNN, Bloomberg, Getty, Republican, Dalton , Georgia CNN, GOP, Republican Gov, Biden, Trump, Oakwood Locations: Georgia, That’s, Dalton, Qcells, Dalton , Georgia, United States, Trump, Cartersville , Georgia, Atlanta

☆ South Korea is going big on American manufacturing. The Battery Belt could benefit the most.
▼ + stars: | 2024-09-23 | by ( John Towfighi | ) www.businessinsider.com time to read: +7 min

Read previewSouth Korean companies are investing billions of dollars in the US to take advantage of two big laws meant to boost American manufacturing. A Financial Times analysis of United Nations data found South Korean companies invested $21.5 billion in US projects in 2023, more than any other country. Related storiesAnd South Korean investments span multiple states, mainly in the South. In the past decade, South Korean companies have created about 7,000 jobs in Texas and nearly 8,000 jobs in Indiana. Those provisions have incentivized South Korean companies to divert from China and focus more on the US.

Persons: —, Yeo, South, Biden, South Korea —, " Yeo, Joe Biden's Organizations: Service, United, Business, Samsung, LG, Hyundai, South, Peterson Institute for International Economics, EV, Financial, Kia, SK Hynix, Korea's Ministry of Trade, Industry, Energy, Wall Street, World Bank, Biden Locations: United Nations, South Korea, Taiwan, Southern, China, US, Georgia, South, Texas, Arizona, Indiana, Korea's

☆ The United States and Europe need China for clean energy. They will pay a price to break free
▼ + stars: | 2024-08-14 | by ( Hanna Ziady | ) edition.cnn.com time to read: +8 min

London CNN —The United States and Europe are racing to narrow China’s commanding lead in clean energy technologies, throwing subsidies at local manufacturers and hiking tariffs on Chinese imports in a strikingly protectionist turn. Without China’s electric vehicles (EVs), solar panels, wind turbines, and batteries, reducing planet-heating pollution could take longer and ultimately increase costs for businesses and consumers. Beijing’s virtual monopoly on the processing of some critical minerals comes with particular risks for the global green transition. Zhu Haipeng/VCG/APAny delay in switching to clean energy will exact a heavy toll on the planet. Birol at the IEA also advocates for trade policies that diversify supply chains while reducing the risk of delays to the clean energy transition.

Persons: “, Margrethe Vestager, ”, ” Fatih Birol, David G, Victor, Michael R, Davidson, ” Victor, Pierre, Olivier Gourinchas, Zhu Haipeng, Victor of, Birol, don’t Organizations: London CNN, Russia, Getty, ”, International Energy Agency, Global, University of California, CNN, Monetary Fund, McKinsey Global Institute, Victor of University of California, IEA Locations: United States, Europe, China, Lianyungang, Washington, Netherlands, Japan, Beijing, of Taicang, Suzhou, Brookings, University of California San Diego, Fuzhou, Victor of University of California San Diego

☆ In New Zealand, Māori are using Indigenous knowledge to combat climate change
▼ + stars: | 2024-08-10 | by ( Alaa Elassar | ) edition.cnn.com time to read: +18 min

It’s that “interconnectedness” that makes Māori ideal stewards of Aotearoa New Zealand, Parkin-Rae says. Whenua (Land)The work at Oaro River is part of a reforestation and predator control project led by Te Rūnanga o Kaikōura, a Māori tribal council in Kaikōura. Thomas Kahu, left, and Wiremu Stone are both descendants of Paikea the whale rider and work for Whale Watch Kaikōura. A Whale Watch Kaikōura boat full of tourists viewing sperm whales off the coast of South Island, New Zealand. Alaa Elassar/CNN“Incorporating te ao Māori (the Māori world) into our work is valuable to all of Aotearoa.

Persons: , New Zealand CNN — Justin Parkin, Rae, Te Waipounamu, Tamati, ” Wikiriwhi, Parkin, Justin Parkin, Alaa Elassar, Ngāti, Ngāi Tahu, “, ”, –, Te, Rawiri, kawau, toto, ā roto, it’s, ” Parkin, Thomas Kahu, Kahu, Tim Clayton, Corbis, ” Kahu, Māori, Wiremu Stone, Takoko, ” Takoko, ” Rangi, Daniel Gaussen, Aoraki Mackenzie, Sanka, ” Gaussen, CNN Mikey Ratahi, ” Ratahi, Gaussen, ” Kaitiaki, Kaikōura, Elassar, tangata whenua, don’t, it’ll Organizations: , New Zealand CNN, New Zealand, CNN, CNN Aotearoa New Zealand’s Ministry, Environment, Aotearoa New Zealand, Rawiri Manawatu, Manawatu, Aotearoa New, Whale Watch, Aotearoa New Zealand’s Department of Conservation, CNN Whale Watch, Conservation International Aotearoa, Pacific Whale Fund, Ocean Initiative, Aoraki, Sky Reserve, Southern, Sky Resource, University of Canterbury, Ministry Locations: , New Zealand, New, Māori, Aotearoa, Alaa, CNN Aotearoa, Ngāi, Aotearoa New, Oaro, Te Rūnanga, Kaikōura, Rūnanga, ” Moana, Aotearoa New Zealand, South Island , New Zealand, wonderment, Mackenzie, Lake Takapō, Mana, Wai, Zealanders, “

☆ 'Internal battle' in Modi's BJP on whether India needs Chinese investments, Natixis chief Asia economist says
▼ + stars: | 2024-08-01 | by ( Charmaine Jacob | In Charmainemariajacob | ) www.cnbc.com time to read: +5 min

Supporters of Bharatiya Janata Party (BJP) hold party flags as they celebrate Narendra Modi's swearing-in ceremony on June 9, 2024. Sopa Images | Lightrocket | Getty ImagesThere is an "internal battle" happening within India's ruling Bharatiya Janata Party over inviting Chinese investments, as the country strives to become Asia's manufacturing powerhouse, Alicia Garcia-Herrero, chief Asia Pacific economist at Natixis said. This proposal was shot down by Trade Minister Piyush Goyal on Tuesday who said that there was "no rethinking at present" on allowing Chinese investments into India, Reuters reported. Experts told CNBC that Chinese investments are needed in India's solar panel and battery manufacturing sectors — two areas that a report, citing Indian government sources last week, mentioned could see easing restrictions on Chinese investments. India increased scrutiny on Chinese investments into the country, and also blocked several Chinese mobile apps including TikTok following the incident.

Persons: Narendra Modi's, Alicia Garcia, Herrero, Natixis, V Anantha, Piyush Goyal, Modi, Garcia, Rajesh Kumar Singh, Harsh, Pant, Tauseef Mustafa, Jaishankar, Punit Paranjpe Organizations: Bharatiya Janata Party, BJP, Asia, Trade, Reuters, CNBC, Department, Promotion of Industry, Internal, Bloomberg, ICT, Communication Technologies, New Delhi's Observer Research Foundation, Afp, Getty, India's Foreign, Adani Locations: Asia Pacific, China, India, Europe, loggerheads, Eastern Ladakh, Tokyo, U.S, Mundra

☆ How 5G technology is helping curb carbon emissions and waste at the Paris Games
▼ + stars: | 2024-07-29 | by ( Chris Stokel-Walker | ) www.businessinsider.com time to read: +6 min

Installing and using 5G technology could help minimize the Olympics' environmental impacts. Sustainability initiatives also extend to the 5G technology powering the Olympic Games. Orange, the telecommunications provider for the Paris Games, has set itself the goal of limiting its carbon emissions to 10,000 metric tons of carbon dioxide. Environmentally friendly technology that can support more fansThough 5G systems require infrastructure installation, their technology is more sustainable than older connectivity systems like analog distributed antenna systems, Swank said. Recycling 5G equipment for more sustainabilityTo work toward its carbon-emissions goal for the Paris Games, Orange decreased its equipment manufacturing and infrastructure-deployment footprint.

Persons: —, Kevin Swank, Swank, CommScope, Kelvin Chaffer, Chaffer Organizations: Service, Games, Janeiro Games, Social Sciences, Paris Games, Olympic Games, T, Dallas Cowboys, Paris Olympics, Software Locations: Rio, France, Germany, Arlington , Texas, Orange

☆ Scientists discover ‘dark’ oxygen being produced more than 13,000 feet below the ocean surface
▼ + stars: | 2024-07-22 | by ( Katie Hunt | ) edition.cnn.com time to read: +13 min

It’s also possible, these scientists warn, that deep-sea mining could disrupt the way carbon is stored in the ocean, contributing to the climate crisis. A documentary about deep-sea mining that Sweetman watched in a hotel bar in São Paulo, Brazil, unleashed a breakthrough. However, several countries, including the United Kingdom and France, have expressed caution, supporting a moratorium or ban on deep-sea mining to safeguard marine ecosystems and conserve biodiversity. Earlier this month, Hawaii banned deep-sea mining in its state waters. Many unanswered questions remain about how dark oxygen is produced and what role it plays in the deep-sea ecosystem.

Persons: Andrew Sweetman, they’re, ”, Sweetman, ‘, SAMS, I’ve, “, Franz Geiger, ’ ”, Geiger, Charles E, Emma H, Morrison, Daniel Jones, Beth Orcutt, Orcutt, Craig Smith, Smith, Camille Bridgewater, Hawaii’s Smith, ” Geiger, Diva Amon, ” Sweetman Organizations: CNN, Clarion, Scottish Association for Marine Science, Nature, NHMDeepSea, SMARTEX, International, Authority, UN, AA, Northwestern University, Northwestern’s Weinberg College of Arts and Sciences, National Oceanography, Bigelow Laboratory, Ocean Sciences, University of Hawaii, Geological Survey, University Locations: São Paulo, Brazil, Evanston , Illinois, Southampton, England, Maine, Mānoa, Jamaica, United Kingdom, France, Hawaii, Clarion

☆ China economy and employment: People who used to work for major tech giants are now doing manual labor
▼ + stars: | 2024-07-20 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +8 min

Li, 27, is part of a growing base of Chinese workers swapping high-pressure office jobs for flexible blue-collar work. But these firms are slowly losing their appeal as China’s economy faces headwinds including a property crisis, declining foreign investment and slumping consumption. The trend to move from professional to manual jobs comes amid surging demand for blue-collar workers, according to Chinese recruitment platform Zhaopin. And blue-collar workers’ pay has also gone up, attracting more people to jobs they might have previously avoided. Pressure of another kindBut some wonder if blue-collar work is truly the stress-free refuge people like Li and Wang imagine it to be.

Persons: Hong Kong CNN — Leon Li, ”, Li, “, Alice Wang, Wang, –, Larry Hu, Zhang Yuxiao, David Goodman, commenter Organizations: Hong Kong CNN, CNN, National Bureau of Statistics, Workers, NBS, University of Sydney’s China Studies Centre Locations: China, Hong Kong, Hangzhou, Chengdu, –, Macquarie, Shanghai

☆ What Americans say they want on climate versus what Biden and Trump are offering
▼ + stars: | 2024-07-18 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +6 min

President Joe Biden and former President Donald Trump couldn't be farther apart when it comes to climate action. Trump and his pick for vice president, Sen. JD Vance of Ohio, are both climate deniers. By contrast, the Democrats unveiled a platform that said it would build on the Biden administration's unprecedented spending on renewable energy and the green workforce while cracking down on the oil-and-gas industry. The center conducted the survey with the Yale Program on Climate Change Communication. The majority of Americans support climate actionMaibach said the shift among Republicans shouldn't distract from the fact that the majority of Americans support many of Biden's climate policies.

Persons: Joe Biden, Donald Trump couldn't, Trump, isn't, Sen, JD Vance, pollsters, Edward Maibach, Maibach, shouldn't, Karoline Leavitt, Biden, Alec Tyson, Tyson, Donald Trump Organizations: Service, Republican National Convention, Democrats, Biden, Business, America, George Mason University, Yale, GOP, Republicans, Pew Research Center, Pew, —, Trump, China Locations: Milwaukee, Ohio, China, Caribbean and Texas, America, Ukraine

☆ China third plenum: Communist Party meets to set direction for troubled economy
▼ + stars: | 2024-07-14 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Stakes are high for the meeting, which takes place every five years and is known as China’s third plenum. It has historically been a platform for the party’s leadership to announce key economic reforms and policy directives. China’s gross domestic product expanded by 4.7% in the April to June months, compared to the previous year. But observers of China’s opaque political machine don’t believe there will be fundamental economic reforms this time around. Uncompleted residential buildings at a real estate project on the outskirts of Shenyang in China's Liaoning province earlier this year.

Persons: Hong Kong CNN —, Xi Jinping, Xi, , Xi’s, Andrea Verdelli, They’ll, ”, Neil Thomas, Jing Qian, Li Shangfu, Qin Gang, Li Yuchao, Xu Zhongbo Organizations: Hong Kong CNN, Communist Party, West, Reuters, party’s Central, US, Congress, Bloomberg, Getty, Observers, ” Asia Society Center, China, Tech, EU, Central Committee, Foreign, People’s Liberation Army Rocket Force Locations: China, Hong Kong, Beijing, United States, Europe, party’s, Shenyang, China's Liaoning, China's Shandong

☆ Data doesn't show oversupply of Chinese goods across the board: Hinrich Foundation
▼ + stars: | 2024-07-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailData doesn't show oversupply of Chinese goods across the board: Hinrich FoundationDeborah Elms, head of trade policy at the Hinrich Foundation, says that applies only to certain sectors such as green technology, and discusses Indonesia's planned tariffs on Chinese goods.

Persons: Hinrich, Deborah Elms Organizations: Foundation

☆ Trump’s War on Clean Energy Would Benefit China, Economists Say
▼ + stars: | 2024-06-26 | by ( Lisa Friedman | ) www.nytimes.com time to read: +1 min

In the race for the White House, former President Donald J. Trump has attacked President Biden’s policies to expand renewable energy as a “plan to make China rich” because America’s greatest economic rival also controls many of the parts needed for electric-vehicle batteries, solar panels and other green technology. But eliminating Mr. Biden’s climate policies would end up helping China, economists say, by jeopardizing hundreds of billions of dollars in manufacturing investments that have already been made in the United States and sending that work back to other countries, including China. “From a manufacturing perspective, you’re just ensuring the Chinese edge in these technologies continues to get wider.”Mr. Trump, who has called climate change a “hoax,” has targeted “every one” of Mr. Biden’s policies designed to transition the United States away from fossil fuels. That includes regulations to encourage electric vehicles and solar and wind energy while cracking down on pollution from coal-burning power plants and restricting oil drilling on public lands and in federal waters. The former president has also promised to withdraw the United States from global agreements to reduce greenhouse gas emissions.

Persons: Donald J, Trump, Biden’s, ”, Stuart, Mackintosh, Mr Organizations: White Locations: China, United States

☆ Paris Olympics 2024: Inside the landmark Olympic Village
▼ + stars: | 2024-06-25 | by ( Joshua Berlinger | ) edition.cnn.com time to read: +10 min

Paris CNN —When Paris last hosted the Summer Olympics 100 years ago, organizers were so keen to bring athletes under the same roof that they built the first-ever Olympic Village. Athletes sitting in front of a cabin in the Olympic Village at the 1924 Summer Olympics in Paris, France. The site for the Olympic Village was chosen in the hopes it would revitalize some of the city’s historically impoverished northern suburbs. A stool made from recyclable cardboard on display in the athletes' accommodation in the Olympic Village in Saint Denis, France. Nathan Laine/Bloomberg/Getty ImagesA cardboard bed inside an athletes' room at the Olympic Village in Saint Denis, France.

Persons: ”, Georgina Grenon, Denis, Saint, ‘, Nathan Laine, Grenon, Joshua Berlinger, ” Grenon, Jerome Giacomoni, Giacomoni, ” Sebastian Coe, Laurent Michaud, Paris Mayor Anne Hidalgo, “, ” Hidalgo, Vandoorne, Derek Van Dam Organizations: Paris CNN —, Paris, Topical, Hulton, Olympic, Organizers, Games, BBC, Bloomberg, Getty, CNN, World, Paralympic, International Energy Agency, Reuters, Paris Mayor Locations: City, Paris, France, Saint, Ile, London, Seine, Tokyo, Saint Denis, Europe

☆ How Chinese EV makers are slowly taking over the world
▼ + stars: | 2024-06-22 | by ( Tom Carter | ) www.businessinsider.com time to read: +14 min

Chinese carmakers accounted for 88% of the EV market in Brazil and 70% in Thailand in Q1, according to ABI Research figures. The EV markets in many of these countries are small now, but they're growing rapidly. This is because Chinese automakers are known for their ability to build electric cars for less than their foreign competitors. Australian Senator and shadow cyber-security minister James Paterson said earlier this year that Chinese EVs pose a growing cybersecurity risk. "India is still a little wary of the Chinese market," said Dylan Khoo, an analyst at ABI Research.

Persons: —, BYD, Joe Biden, Bill Russo, Susan Walsh Sam Fiorani, Luiz Inácio Lula da Silva, São Paulo, Luiz Inacio Lula da Silva, Marcel Martin, Katherine Tai, Elon Musk, SONNY TUMBELAKA, They're, Automobility, Tesla, John Keeble, James Paterson, Fiorani, Indranil Aditya, Dylan Khoo, Warren Buffett, Xpeng, William Li, HECTOR RETAMAL, America's, Russo, WuYuan Organizations: Service, Detroit, EV, Business, Research, Ford, Toyota, Volkswagen, EU, AP, AutoForecast Solutions, Brazilian Electric Vehicle Association, Great Wall Motors, Anadolu Agency, Getty, International Council, Clean Transportation, Chery, Total, China Passenger Car Association, Reuters, Honda, Mitsubishi, International Energy Agency, Federal, of Automotive Industries, SAIC, AutoForecast, BYD, SAIC Motors, India's, ABI Research, Union Locations: Camaçari, Brazilian, Bahia, Brazil, Mexico, Southeast Asia, Europe, Thailand, China, Shanghai, EU, São, Johannesburg, South Africa, Southeast Asia Southeast Asia, Malaysia, Vietnam, Indonesia, Indonesia's West Java, Philippines, Australia, Hangzhou, Queensland, India India, India, Europe Europe, Hungary, France, Spain, Portugal, South Korea

☆ European Union Hits E.V.s From China With Extra Tariffs Up to 38%
▼ + stars: | 2024-06-12 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

The European Union said on Wednesday that it would impose additional tariffs of up to 38 percent on electric vehicles imported from China into the bloc, in what E.U. The move, a month after President Biden quadrupled U.S. tariffs on Chinese electric vehicles to 100 percent, opens another front in escalating trade tensions with China amid growing fears about a glut of Chinese green tech goods flooding global markets. The actions by the European Union and the United States also reflect the challenges that traditional automakers in Europe and the United States face from up-and-coming Chinese companies founded with a focus on electric vehicles and much lower cost bases than their rivals in the West. But unlike U.S. carmakers, several of their European counterparts are deeply entwined in the Chinese market, and their cars produced there will also be subject to the higher tariffs. They have criticized the European Union’s move to increase duties from 10 percent, fearing retaliation from China, as well as an increase in prices across the market and a drop in demand for battery-powered cars.

Persons: Biden Organizations: Union, European Union Locations: China, United States, Europe

☆ Can Biden Win America’s Green Tech Trade War With China? - The New York Times
▼ + stars: | 2024-05-22 | by ( David Wallace-Wells | ) www.nytimes.com time to read: +3 min

On May 14, President Biden announced a major escalation of the country’s emerging climate trade war with China, raising existing tariffs on Chinese electric vehicles to 100 percent — a unilateral quadrupling. A few days earlier, responding to reports of Biden’s plans, Donald Trump outdid him, promising tariffs of 200 percent should he win the 2024 election. Five years after blasting Trump for imposing tariffs on Chinese exports, Biden raised them — on aluminum, steel, lithium batteries, solar cells and semiconductors, among other products. In 2019, Chinese E.V. Nearly 60 percent of all the world’s E.V.s are now sold in China, which is home to three of the world’s four biggest E.V.

Persons: Biden, Biden’s, Donald Trump outdid, It’s, “, Gaia, David Autor, Tesla, BYD Organizations: Trump, Democratic Locations: China, U.S, Washington, Chinese

☆ Biden's tariffs don't loosen China's grip on one key mineral in the EV economy
▼ + stars: | 2024-05-16 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The White House decided to delay by two years tariffs on graphite, a key metal in EV lithium-ion batteries that helps them store energy. But a senior Biden administration official said during a call with reporters that some tariffs would kick in in 2026 to allow battery supply chains to transition. However, those batteries can still source graphite from China until at least 2027 under the Biden administration's policy. Beyond graphite, other tariffs that Biden slapped on China's green tech are mostly symbolic. But steeper taxes on batteries this year could affect US automakers such as Ford and Tesla, which import from China.

Persons: Joe Biden, Gene Berdichevsky, Berdichevsky, Sila, EVs, Biden Organizations: Service, White, Business, US Department of Energy, Mercedes, Benz, Manufacturing, Biden, Environmental Defense Fund Locations: China, Washington ,, Moses Lake , Washington, Southeast Asia

☆ China is engaged in ‘deliberate' efforts to undermine the U.S. and Europe, says EU envoy Gitenstein
▼ + stars: | 2024-05-14 | by ( Vicky Mckeever | ) www.cnbc.com time to read: +1 min

Mark Gitenstein, the U.S. ambassador to the EU, said China is deliberately distorting markets with a glut of cheap goods. Speaking to CNBC's Silvia Amaro on Tuesday, Gitenstein said China was "engaged in a deliberate effort to undermine economic sectors in both Europe and the United States." The Chinese Embassy in London did not immediately respond to a request for comment when contacted by CNBC. It comes amid growing concerns over a raft of cheap Chinese "green" goods — such as EVs, batteries and solar panels — flooding international markets. White House officials have already warned Beijing to amend certain trade practices that it argues have weakened global supply chains.

Persons: Mark Gitenstein, CNBC's Silvia Amaro, Gitenstein, Biden, Ursula von der Leyen, Charles Michel, — CNBC's Rebecca Picciotto Organizations: Embassy, CNBC, White, European Commission, European Locations: U.S, China, Europe, United States, London, Beijing, People's Republic of China, PRC

☆ China's top climate envoy is coming to the US this month as tensions over green tech run high
▼ + stars: | 2024-05-02 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +1 min

The US is trying to cut itself off from China's green tech like solar, EVs, and batteries. The moves could hit China's economy and risks slowing down the green transition. The US and China, as the world's largest polluters, are key to solving the climate crisis. Sign up for our newsletter to get the latest on the culture & business of sustainability — delivered weekly to your inbox. The US wants to protect its factories against competition from cheaper products, which, in turn, could hit China's economy and risk slowing down the green transition.

Persons: Liu Zhenmin, Biden Organizations: Service, Business Locations: China

☆ The US is preparing to hit back at China's glut of cheap solar panels by targeting its allies
▼ + stars: | 2024-04-24 | by ( Catherine Boudreau | ) www.businessinsider.com time to read: +4 min

The world is awash in solar panels after Chinese-owned firms flooded the market with cheap exports. Companies including Qcells, First Solar, and Swift Solar on Wednesday asked the Biden administration to slap tariffs on solar cells from four countries in Southeast Asia. The US solar companies allege that Chinese-owned firms operating in Cambodia, Malaysia, Thailand, and Vietnam are illegally undercutting the market. The petition by US solar companies — known as an anti-dumping and countervailing duty case — could lead to that. The probe will help determine whether solar panels were sold in the US at prices below the cost of production.

Persons: Biden, we've, Tim Brightbill, Wiley Rein, Joe Biden, Janet Yellen, Yellen, Premier Li Qiang Organizations: Service, Companies, Wednesday, Business, Wiley, China, Industry, Commerce Department, US Commerce Department, International Trade Commission, Premier, New York Times Locations: Southeast Asia, Cambodia, Malaysia, Thailand, Vietnam, Germany, America, Massachusetts, China

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