The president’s move to protect strategic manufacturing sectors from low-cost competition aims to increase jobs, but consumers might not like the costs.
Category: United States
Taiwan, on China’s Doorstep, Is Dealing With TikTok Its Own Way
The island democracy was early to ban TikTok on government phones, and the ruling party refuses to use it. But a U.S.-style ban is not under consideration.
Few Chinese Electric Cars Are Sold in U.S., but Industry Fears a Flood
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
Tesla Pullback Puts Onus on Others to Build Electric Vehicle Chargers
The automaker led by Elon Musk is no longer planning to take the lead in expanding the number of places to fuel electric vehicles. It’s not clear how quickly other companies will fill the gap.
Tesla Fires Charger Team Amid Hundreds of Layoffs
The carmaker dismissed 500 employees in a unit that was critical to its success and seen as important to the future of electric vehicle sales in the United States.
Black Entrepreneurs, Frustrated by High Rates, Look to the Election
In the battleground state of Georgia, some Black entrepreneurs are frustrated over the impact of higher interest rates, a source of economic anxiety.
Inflation Is Stubborn. Is the Federal Budget Deficit Making It Worse?
Economists are divided over whether the growing amount of federal borrowing is fueling demand and driving up prices.
What Would Jesus Do? Tackle the Housing Crisis, Say Some Congregations.
The “Yes in God’s Backyard” movement to build affordable housing on faith organizations’ properties is gaining steam in California and elsewhere.
Inside Novo Nordisk, the Company Behind Ozempic and Wegovy
Novo Nordisk’s factories work nonstop turning out Ozempic and Wegovy, its blockbuster weight-loss drugs, but the Danish company has far bigger ambitions.
Poor Nations Are Writing a New Handbook for Getting Rich
Economies focused on exports have lifted millions out of poverty, but epochal changes in trade, supply chains and technology are making it a lot harder.