Business

US places Chinese chipmakers on trade blacklist

The US Commerce Department on Thursday blacklisted 36 Chinese companies including top producers of advanced computer chips, severely restricting their access to American technology.

Automotive

EU, US set up task force to resolve electric vehicle feud

The U.S. and the European Union have set up a task force tasked with resolving a dispute over electric vehicle batteries that the EU says would discriminate against manufacturers in the 27-nation bloc and break World Trade ...

Business

EU: US electric vehicle tax credit reduces buyers' choices

A new U.S. tax credit aimed at encouraging Americans to buy electric vehicles may backfire and limit choices for consumers because of concerns it's weighed against European Union manufacturers, the EU trade chief said Thursday.

Automotive

New electric vehicle tax credits raise talk of trade war

A new tax credit for U.S. buyers of qualifying electric vehicles made in North America has ignited the specter of a trade war as a domestic imperative of the Biden administration and Democrats collides with the complex realities ...

Business

US to press for semiconductor relief at EU tech meeting

US President Joe Biden will use this week's inaugural technology ministerial with the European Union to push for solutions to the nagging semiconductor supply issue that has hit the American economy, officials said Monday.

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