political, and environmental considerations. Beyond their immediate economic impact, these tariffs reflect a broader ambivalence towards developing the EV industry within the Biden administration. While rhetoric may emphasize support for U.S. jobs and a "cleaner future," such punitive, rash, and ...
A key reason for optimism on global growth is the dramatic inflation decline over the past two years. This directly supports real income because price inflation has fallen far more quickly than wage inflation, which is still elevated as workers make up for the real wage losses they suffered in...
British Gas received a special commendation of Best Overall Improvement in Uswitch's 2024 Energy Awards for the steps it's taken to improve its Overall Customer Satisfaction score since 2023. Some of the main reasons to choose British Gas include: A range of tariff options from the most establ...
EDF standard variable energy tariffs are subject to Ofgem'senergy price cap, just like the majority of energy suppliers operating in the UK. The price cap sets the maximum rate suppliers can charge for average use on standard variable tariffs - which are typically the most expensive type of ene...
(BRI), recent developments indicate a higher level of cooperation between China and developing countries. For instance, at the China-Africa Leaders' Dialogue in August 2023, African leaders expressed their appreciation for China's efforts over the past two decades to promote infrastructure on the ...
Furthermore, Trump’s policies, such as tax cuts and measures against illegal immigration, may exacerbate supply-demand imbalances, pushing inflation higher. Deregulation and support for traditional energy production are more likely to stimulate investment firstly, which are not conducive to controlling ...
China-made products could also invite additional scrutiny at customs, resulting in higher working capital for consumer goods companies. U.S. customs could take longer to clear imports. Even with proper documentation, shipments may be delayed by weeks as U.S. customs check for ...
Incorporation of anti-tax avoidance measures– the law specifies that the state may adopt measures such as adjusting tariffs for activities that reduce the amount of tax payable without reasonable commercial purposes. This move aims to strengthen tax compliance and prevent tax evasion, and parallels ...
Using an annual panel of macroeconomic data for 151 countries over 1963–2014, we find that tariff increases are associated with an economically and statistically sizeable and persistent decline in output growth. Thus, fears that the ongoing trade war may be costly for the world economy in terms...
So, at the same time as the EU ups its tariffs on Chinese EVs, paradoxically the bloc may well have to simultaneously offer attractive incentives to lock in China’s battery know-how. Looking ahead, batteries remain the primary stumbling block for US and EU efforts to completely decouple fro...