Biden made an eleventh-hour move to stop coastal oil drilling
US President Joe Biden has announced a new ban on offshore oil and gas drilling from the East and West coasts, eastern Gulf of Mexico and portions of Alaska’s Northern Bering Sea from future oil and natural gas leasing. This is the first time since 1990 that offshore drilling will not be allowed off the coast of the US.
Big tech supporting Trump is inevitable
Billionaires Marc Andreessen and Ben Horowitz have said US Vice President Joe Biden’s proposed 25% tax on unrealized capital gains of household worth over $100 million was the “final straw” in their support of Donald Trump. They added that Biden’s budget proposal, which affects only citizens worth over $100 million, is “alarmist”. They said the tax would destroy America.
Biden is attempting to buy time with new tariffs on China
US President Joe Biden has said that his administration’s new tariffs will “save American jobs and save American families $1,500 a year”. The tariffs are linked with subsidy for domestic manufacturing of technologies that have been denounced by US President Donald Trump. Trump had made tariffs on China one of his signature policy moves when he was in the White House.
New tariffs on Chinese goods are announced by Biden
US Vice President Joe Biden on Wednesday called for protecting American jobs and manufacturing from “unfair trade practices” by China. He said the new tariffs were needed to protect American workers and companies from the flood of unfairly traded products. “I want us to be able to hire people in America,” he added. Trump had made tariffs on China one of his signature policy moves.
New tariffs on Chinese goods were announced by Biden
US Vice President Joe Biden said that the Trump administration will impose new tariffs on Chinese goods if he is elected. “We’ll be imposing tariffs to protect American jobs and American companies from unfair trading practises,” he said. Biden further said that China can’t continue to steal American technology and intellectual property as it has done in the past.
Michael Cohen will come back to the stand; Biden will announce new Chinese tariffs
US President Joe Biden will impose new tariffs on $17.8 billion of Chinese imports to protect the “strategic sectors” of the economy and “punish” China for unfair trade practices. The new tariffs will affect products including electric vehicles, semiconductors and medical products. The move comes as Biden pushes forward to implement three pieces of legislation to boost domestic manufacturing and clean energy sectors.
Biden doesn’t want a flood of cheap EVs from China
US President Joe Biden is planning to announce higher tariffs on Chinese imported electric vehicles (EVs) as early as next week, reports said. Earlier, Biden had said that he wants to raise tariffs on imports of Chinese steel and aluminum. His move would raise the cost for US consumers, he said. China’s auto industry is the largest in the world.
Good luck with Biden banning competing nations from buying sensitive US data
US President Joe Biden has ordered the Departments of Health and Human Services, Defense, and Veterans Affairs to ensure personal data of Americans cannot be transferred to foreign companies that sell it. The order also bans the government from buying location information from data brokers. It aims to ensure Americans’ health data can not be transferred via other routes like federal grants.
The hydrogen tax credit plan was announced by the Biden administration
US President Joe Biden’s administration on Thursday proposed a new tax credit for hydrogen production. It’s estimated that the credit will deliver $140 billion in revenue and 700,000 jobs by 2030. The credit will help the US produce about 50 million metric tonnes of hydrogen by 2050, it added. However, several environmental groups have criticised the proposal, calling it a “corporate giveaway”.
China, trade and the U.S. Marine Band are topics on the agenda for Australia’s state visit
US President Joe Biden has hosted Australian PM Anthony Albanese for a state dinner. “Nurturing our partnerships…is critical, especially in these tumultuous times,” Jill Biden, President Biden’s wife, said on Tuesday. “Nurturing our partnerships and relationships with our allies is critically important, especially…in these tumultuous times,” Jill Biden added during the preview of the dinner’s menu.