Biden slaps new tariffs on Chinese imports, ratcheting trade war | Business and Economy News

Biden slaps new tariffs on Chinese imports, ratcheting trade war | Business and Economy News

President Joe Biden has slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminium and medical equipment, taking potshots at Donald Trump along the way as he embraced a strategy that’s increasing friction between the world’s two largest economies. The Democratic president said on Tuesday that…

Politics and convenience drive Mexico to be US’s top trading partner | Business and Economy News

Politics and convenience drive Mexico to be US’s top trading partner | Business and Economy News

Before Elon Musk announced that he would pour billions into building his largest Tesla plant in the industrial outpost of Monterrey, Mexico, United States trade winds were already shifting south. In late 2022, Mexico’s Economy Minister Raquel Buenrostro Sánchez said that 400 companies had expressed interest in relocating from Asia…