The House passed legislation Saturday that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year, but don’t expect the app to go away anytime soon.
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President Joe Biden on Wednesday will call on his trade representative to more than triple some tariffs on steel and aluminum products from China, as part of a series of moves meant to help cushion American manufacturers from a surge of low-cost imports.
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China has sharply ramped up its production of cheap electric vehicles, solar panels, and batteries just as the Biden administration has pushed through legislation supporting many of those same industries in the United States.
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Evidence is mounting that, for many in China, the iPhone no longer holds the appeal it used to.
Read MoreChina is the world’s second largest economy after the U.S. and has excelled in areas such as electric vehicles, solar and wind power, and high-speed trains. But it remains heavily dependent on highly-polluting coal to power its industries.
Read MoreXiaomi, a well-known maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars.
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Treasury Secretary Janet Yellen called out China’s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition.
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The United States and Britain imposed sanctions on China’s elite hacking units Monday, accusing China’s top spy agency of a yearslong effort to place malware in America’s electrical grids, defense systems and other critical infrastructure, and of stealing the voting rolls for 40 million British citizens.
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When it comes to the artificial intelligence that powers chatbots such as ChatGPT, China lags the United States. But when it comes to producing the scientists behind a new generation of humanoid technologies, China is pulling ahead.
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