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The White House said on Thursday the United States is opening an investigation into whether Chinese vehicle imports pose national security risks and could impose restrictions due to concerns about "connected" car technology.
Members of the media are now openly calling on President Biden to withdraw from the presidential race following his "disaster" CNN debate performance.
Canada is weighing whether to slap tariffs on Chinese-made electric vehicles to stop cheap EVs from flooding the market. But Ottawa – which has pumped billions of dollars worth of subsidies into the Canadian EV industry – says its concerns are not only economic.
America's economic engagement in Indo-Pacific "isn't about China" but for strengthening U.S. presence in the region, Commerce Secretary Gina Raimondo told CNBC. President Joe Biden launched the Indo-Pacific Economic Framework for Prosperity, involving14 countries, about two years ago, for economic and trade cooperation among the member states. The IPEF was also seen as a means to counteract China in the region. Raimondo said the Indo-Pacific is more secure and stable when the U.S. has a strong "active" presence in the region, adding that the framework is more about solidifying ties in the region. "China is
President Joe Biden is set to meet Tuesday with a slate of executives from a variety of industries, some of which have been the targets of his regulatory agenda. The guest list includes United Airlines CEO Scott Kirby, Citi CEO Jane Fraser, Evercore founder and senior chairman Roger Altman, Marriott International CEO Anthony Capuano, Flex CEO Revathi Advaithi, Bechtel Group CEO Brendan Bechtel, Corning CEO Wendell Weeks and former Xerox CEO Ursula Burns, who is curre
The Commerce Department on Friday announced new restrictions on U.S. firearms exports in an effort to prevent the guns from ending up in the hands of drug traffickers and criminals in other nations.
TAYLOR, Texas —The Commerce Department is on track to dole out all of the $39 billion in grant money allocated under the CHIPS Act by year-end, Commerce Secretary Gina Raimondo told CNBC on Monday. The Commerce Department is providing the money to semiconductor companies to incentivize them to build out manufacturing production capabilities in the U.S. The Biden administration announced earlier Monday that it would be providing Samsung with up to $6.4 billion in grants to expand two chip plants in central Texas — leaving roughly $16 billion l
WASHINGTON (AP) — The Biden administration has reached an agreement to provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.
WILMINGTON, Del. (AP) — The Biden administration pledged on Monday to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the first time.