Weekly Briefing: Key Policy Developments

This weekly briefing provides overviews of the top policy developments that business leaders should monitor.

Key policy and political developments for the week ended May 17, 2024.

Climate and Energy

• Biden’s China Tariffs Leave Space For Key Solar Machinery (Bloomberg)

• US Cites Threat of Chinese EVs Made in Mexico as Trade Concern (Bloomberg)

• White House moves to protect US solar manufacturers from Chinese competition (Reuters)

Global Trade and Investment

• Global Chips Battle Intensifies With $81 Billion Subsidy Surge (Bloomberg)

• China-Russia: an economic ‘friendship’ that could rattle the world (FT)

• Calpers to direct $25bn to green private market investments (FT)

China-U.S. Relations

• First Thing: Biden announces 100% tariff on Chinese-made electric vehicles (Guardian)

• Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump (AP)

• US Tariffs on Minerals Leave Out Markets That China Dominates (Bloomberg)

• Biden Accuses China of ‘Cheating’ on Trade, Imposes New Tariffs (Bloomberg)

• Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump (AP)

• Joe Biden and Donald Trump battle to prove who can be toughest on China (FT)

• China Vows ‘Resolute Measures’ After Biden’s New Tariffs (Yahoo)

 U.S. Economic Policy

• He Helped Trump Remake Global Trade. His Work Isn’t Done. (WSJ)

• You Won’t Like Trumponomics 2.0 (Bloomberg)

EU

• EU fighting to counter China’s influence in global south, says top official (FT)

• Can Europe’s economy ever hope to rival the US again? (FT)

• EU under pressure after US levies tariffs on Chinese goods (FT)