monday survey
Just six months ago, Wall Street Breakfast asked its subscribers to: identify the best method This is for the US to manage its economic relationship with China. Have things changed since then? Vote below and stay tuned for the results.
· Access and trade agreements
· Risk avoidance and diversification
· Decoupling and sanctions
・Focus on domestic industrial policy
Please fill out the survey here Don’t forget to share your thoughts with WSB comment section.
business tips
The war for global economic power is likely to take a new turn this week as the United States seeks to protect domestic industries and workers from foreign competition. This is a notable development for President Biden, who has maintained all of the Trump administration’s hefty taxes on about $370 billion a year of imports from China. After years of policy reviews, not only will these policies continue, but further protectionist measures are likely to be announced at tomorrow’s White House event.
What are you waiting for? According to the report, Tariffs will quadruple China’s electric vehicle sales rate rose from 27.5% to 102.5%. Tariffs on the solar power industry will also increase, and tariffs on steel, aluminum, batteries and other clean energy products could double or triple. Existing tariffs already keep Chinese cars out of the US market, while many Chinese solar companies avoid tariffs by exporting to the US via transit points in Southeast Asia. Some see the tariffs as merely symbolic.
In recent years, there has been great debate over whether additional tariffs should be imposed. harm the fight against inflation. This debate is probably irrelevant now that the worst price pressures have subsided and the United States prepares for a contentious election cycle. Protecting industries in key battleground states, such as Michigan’s auto industry and Pennsylvania’s steel industry, is at the forefront of some races, with both sides facing national security concerns, manufacturing job losses and supply chain are keen to address the risks associated with . Meanwhile, billions of dollars in subsidies inflation control law and CHIPS and scientific law.
What to see: The United States also has Treasury Secretary Janet Yellen recently warning that China is flooding the market with subsidized goods. plane to beijing Discuss “unfair trade” and “industrial overcapacity.” The bigger concern here is that protectionist policies may eventually become indistinguishable from industrial policies, with Chinese Foreign Ministry Spokesperson Lin Jian insisting that the We will take all possible measures.” If China retaliates, it could target U.S. agricultural exports or impose restrictions on critical components such as rare earths that the U.S. doesn’t already have in its domestic supply chain. Take part in the WSB survey.
Goodbye, Siri?
apple (AAPL) and OpenAI are reportedly in the final stages of discussions to make ChatGPT a reality. To the next iPhone.If the deal goes through, the popular chatbot will make new headlines. AI function Apple plans to make the announcement at its annual Worldwide Developers Conference next month. On the other hand, Alphabet’s (google, Google) Google licenses AI models Gemini for iPhone is still ongoing.
Apple could reach agreements with both OpenAI and Google, or it could prioritize them. one after another. (29 comments)
Further union organizing
The United Auto Workers union is aiming for a key victory in the dispute this week. Efforts to unionize workers At Mercedes-Benz (OTCPK:MBGYY) Factory in Alabama. The victory would be significant for the UAW, which has worked to overcome resistance to unionizing in the Deep South. This week’s vote comes in the wake of the UAW’s recent success in unionizing Volkswagen (OTCPK:VWAGY) Tennessee facility. Elsewhere on the organized labor front, Apple workers (AAPL) America’s first unionized stores vote agree to strike About unresolved workplace issues. (6 comments)
strong dollar
Wells Fargo says the strong dollar has made international travel relatively cheap for Americans, but it comes at a price. When money is spent abroad, that expenditure is counted as imports in GDP calculations. Because it’s consumption. Does not contribute to added value to the U.S. economy. US dollar index (DXYThe value of the dollar, a measure of the dollar’s value against six currencies, will rise by up to 4% in 2024. Currency analysts have widely cited the Fed’s stance on raising long-term interest rates as a contributing factor. (2 comments)
