Business
US, China Trade War Is Not Over
China is banning the export of some rare-earth metals and the US may raise tariffs on Chinese electric vehicles. This as the Biden administration tries to create a warmer relationship with Beijing. Bloomberg’s Brendan Murray reports.
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Some 650 foreign and local executives, government officials and foreign diplomats are due to attend the Venezuela International Oil and Gas Summit starting Tuesday, with over 150 more on the waiting list. Patricia Garip reports from Caracas.
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LIV Golf filed for bankruptcy protection, a dramatic fall for the Saudi-backed league that had big ambitions to challenge the supremacy of the PGA Tour. Randall Williams has more on “Bloomberg The Close.”
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Equity markets steadied after a brief selloff in top-performing technology names, with Micron’s earnings taking on added significance as a test for the rally in artificial intelligence stocks. Micron’s earnings report on Wednesday afternoon is shaping up to be one of the most important in months as investors find themselves suddenly on edge over the sustainability of the AI rally.
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“Russian sub-conventional activity will increase.”
Latvia Foreign Minister Baiba Braže warns that as Russia’s war in Ukraine continues, Europe could see an increase in cyberattacks, sabotage and hostile information operations.
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@tjinc002
January 2, 2024 at 8:16 pm
not by a long shot ,neither would be benefit from it .
@bl4ckb3ll
January 2, 2024 at 8:16 pm
as i've tot, US words can not be trusted at all. they always have or make excuse.
@ma_zu_888
January 2, 2024 at 8:16 pm
👍👍👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️👍👍👍‼️✌️
@ma_zu_888
January 2, 2024 at 8:16 pm
🤣🤣🤣🤣🤣✌️✌️✌️😁😁😁
@MasterRichStocksOptions
January 2, 2024 at 8:16 pm
😎
@Fightback2023
January 2, 2024 at 8:16 pm
If China can make their own chips, why can't US just make their own Rare Earth metals?
@mindpuzzle81
January 2, 2024 at 8:16 pm
Snort! American companies are full of shit when they say they can't decouple from China. They most certainly can and you should simply give them no other choice.
@amunra5330
January 2, 2024 at 8:16 pm
Hahahahahaha dont you guys get it the US is finished
@aguyinavan6087
January 2, 2024 at 8:16 pm
I guess Xi didn't like San Frans hipster vibes.
@tristanx3508
January 2, 2024 at 8:16 pm
China is the longest continuously unbroken central government in the world. China has already Mongol, Manchurian, 8-alliance Western nations (plus Japan) during the colonial/imperial age for the last 5,000 years, China will likely survive for another 5,000 years.
She has one of the most extensive and earliest records archives of its history, hence China have a very long term memory.
Therefore, don't go too far against China for she will return the same favor regardless what distant future they're in…
@annan7728
January 2, 2024 at 8:16 pm
One hand is used to control chips to enter China; another hand is to block high tech environmental electric car to enter into US.
@user-rt6ip4kb1i
January 2, 2024 at 8:16 pm
it is not a trade war, it is cold war.
@cheesecake5236
January 2, 2024 at 8:16 pm
Elon Musk should be trialed for doing business with CCP China
@valetudo1569
January 2, 2024 at 8:16 pm
EU will do the same. Most developed countries' will no longer be willing to accept China's subsidized manufacturing in key sectors at the cost of their own manufacturing
@zeaxg
January 2, 2024 at 8:16 pm
So Biden is raising tariffs on Teslas? Interesting
@thomasrogers9146
January 2, 2024 at 8:16 pm
American politicians are doing everything they can to cause American companies to lose the chinese 1.4 billion people market and lose global market shear due to our stupid wars and sanctions.we have lost Russia,african, the middle east, latin America, most of Asia the carrabbean and even Europe to china as world largest trading partner. After we lose the dollar as global currency and America is a third world poor nation. they wil be happy.
@thomasrogers9146
January 2, 2024 at 8:16 pm
if you can not compete you start a trade war. china has massive leverage.Banning rear earth minerals will cripple our ev and semicolon aspirations. All of these protectionism is only going to hurt American consumers and slow down our ev transition. American companies are losing global market shear at an alarming rate.
@peterponcedeleon3368
January 2, 2024 at 8:16 pm
A trade war, America will lose. You first have to engage and trade to actually win a trade war. We run massive trade deficits with China, which means we really don’t trade with them. We give them freshly printed dollars for their finished goods. You tell me who has the upper hand here.
@kenyup7936
January 2, 2024 at 8:16 pm
Well nvm, beside NIO, I dont think Chinese carsmakers has any plans to the US, Tesla gigafactory Shanghai never export their cars to the US though
did you see Chinese cars in america btw?
@thesheepthemightythecrazy
January 2, 2024 at 8:16 pm
USA banned Chinese EVs.
@lokesh303101
January 2, 2024 at 8:16 pm
Peso Union is Better for China 🇨🇳!
@jeffpotter2934
January 2, 2024 at 8:16 pm
Time to sanction Tesla in China
@YAHVISIONRowles
January 2, 2024 at 8:16 pm
🤔🤓😎
@hussienalsafi1149
January 2, 2024 at 8:16 pm
❤️❤️❤️❤️
@slomo4672
January 2, 2024 at 8:16 pm
How many eh's did the guy utter?
@apsmith1635
January 2, 2024 at 8:16 pm
Yes please put tarifs on the EV’s
@ArabicReja973
January 2, 2024 at 8:16 pm
Batteries in Chinese electric cars come from the Xinjiang region, where they are produced by:
– coal-fired plants and
– Uyghur forced labor in their production.
@lastChang
January 2, 2024 at 8:16 pm
Chinese electric cars are heavily subsidized by many levels of Chinese government. Some people bought them, threw them away without driving, and still made profits.
– That's why there are millions of new cars abandoned by owners across the country.
And this is not an exaggeration.
@donkeychan491
January 2, 2024 at 8:16 pm
Between soiling his pants and starting new wars, Biden can't seem to get anything right.