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How Trump tariffs could upend car markets in Europe, the US and China

Levies threaten exporters to US market, while scrapping of subsidies will hit EV sales – and Tesla could gain The internal combustion engine appears to hold a special place in Donald Trump’s psyche. During his inauguration speech last week, he made a “sacred pledge” to raise US car production to “a rate that nobody could have dreamt possible just a few years ago”. Car making and the oil industry – not AI, computer chips, or even cryptocurrencies – were the only two industries the new US president highlighted as he promised to make America a “manufacturing nation once again”. Continue reading... from The Guardian https://ift.tt/IlxA9ht via IFTTT
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Xi-Biden meeting overshadowed by conflicts in Ukraine and Israel – and US stance on Taiwan

Chinese and US presidents meeting amid a deteriorating geopolitical climate, with the countries on opposing sides of two major conflicts

One year after their last in-person talks, Xi Jinping and Joe Biden will come face to face once again on Wednesday in San Francisco, in an encounter that will dominate events at the Apec summit as the Chinese and US presidents seek to stabilise relations in an increasingly fraught geopolitical climate.

The meeting, which could last several hours, is the culmination of months of lower level dialogues which took place over the summer, with Washington sending more delegates to China than Beijing did to the US.

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