Europe is not spoiling for a trade war with China over electric—vehicle subsidies and is instead focusing on a “rebalancing” to avoid excessive reliance on one country, according to the head of the body that represents European Union heads of state and government.
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China Shies Away From Confrontation With Europe Over EV Probe(Bloomberg) -- As Europe’s top trade chief headed to Beijing this month shortly after announcing a probe into China’s electric vehicle subsidies, some in the bloc braced for fiery criticism and any hint of retaliation.Most Read from BloombergChina Puts Evergrande’s Billionaire Founder Under Police ControlDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in Soon-to-
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China Shies Away From Confrontation With Europe Over EV ProbeAs Europe’s top trade chief headed to Beijing this month shortly after announcing a probe into China’s electric vehicle subsidies, some in the bloc braced for fiery criticism and any hint of retaliation.
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Europe Lines Up African Minerals Pacts to Ease Reliance on ChinaThe European Union is finalizing partnerships with the Democratic Republic of Congo and Zambia to boost local industries as the bloc competes with China to secure critical materials for the green and digital sectors.
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Former VP Pence talks Fed Chair Powell, UAW strikes, border wall in exclusive YF Live interviewFormer Vice President Mike Pence wants to return to the White House, this time, as President. In an interview with Yahoo Finance Live's Seana Smith, Brad Smith, and Rick Newman, Pence weighs in on everything from the Federal Reserve to war in Ukraine. Pence makes it clear he is not a fan of Fed Chairman Jerome Powell, saying he would 'absolutely go in a different direction with the chairman of the Federal Reserve.' Pence argues that Powell has been playing 'catch-up,' adding that he would also get rid of the Fed's dual mandate. Like many Republicans, Pence wants to see the Trump tax cuts made permanent. Pence though, wants to take it a step further. The Trump tax cuts cut the corporate tax rate from 35% to 21%. Pence wants to take that down to 15%, saying it will give American businesses more of an advantage. Pence also takes a swipe at his former boss, saying former President Donald Trump's talk of imposing a 10% tariff on all imports could be 'one of the largest tax increases in history.' Both President Biden and former President Trump plan on visiting striking UAW workers. Pence argues that 'Bidenomics' is 'driving' the strike, saying that under Biden's policies, wages are not keeping up with inflation and that the 'Green New Deal buried in that so-called Inflation Reduction Act is waging war on people that manufacture combustion engine automobiles.' For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Key video moments: 00:01:04 Why Pence wants to go 'in a different direction' with Fed chair 00:04:16 Pence on Trump tax cuts, why he wants to cut the corporate tax rate to 15% 00:06:30 Pence blames 'Bidenomics' for UAW strike 00:10:10 Pence explains why U.S. businesses should support the GOP 00:12:13 What Biden policies Pence would change on day one 00:14:44 Pence on the border wall 00:15:33 What Pence's policy on Ukraine would be if elected 00:17:37 Pence discusses what is happening in the Republican pa
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Canada sees China as less 'dependable' partner on critical minerals, minister saysCanada wants to reach deals with countries that are more 'dependable' trading partners than China for the supply and processing of the critical materials needed to power the energy transition, a Canadian minister said on Tuesday. 'Much of the critical mineral resources around the world is controlled by China ... We are in a geopolitical universe where China is a trading partner that is probably not as dependable as the countries with whom we share values,' Canada's Energy and Natural Resources Minister Jonathan Wilkinson said at a Canada-UK critical minerals investment forum in London.
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Analysis-Europe heads more comfortably into winter without Russia's Nord Stream gasBy Kate Abnett, Nora Buli and Julia Payne BRUSSELS/OSLO (Reuters) - High levels of gas storage, lower energy prices and new sources of fuel mean Europe ...
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