Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

White House to spell out plan to safeguard US auto sector, avoid second ‘China shock’

admin by admin
September 23, 2024
in Stock
0
White House to spell out plan to safeguard US auto sector, avoid second ‘China shock’
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

WASHINGTON (Reuters) – Top White House economic adviser Lael Brainard plans to lay out on Monday the Biden administration’s broad approach to safeguarding the U.S. auto sector from what it considers China’s unfair trade actions.

“China is flooding global markets with a wave of auto exports at a time when they are experiencing overcapacity. We have seen this playbook before in the China shock of the early 2000s that harmed our manufacturing communities,” Brainard will say at the Detroit Economic Club, according to prepared remarks.

“The administration is determined to avoid a second China shock, which means putting safeguards in place before a flood of underpriced Chinese autos undercuts the ability of the U.S. auto sector to compete on the global stage.”

This post appeared first on investing.com

Previous Post

Fed’s 50 bps rate cut was “right decision” – Kashkari

Next Post

Retailer MINISO to buy nearly 30% stake in China’s Yonghui for $893 million

admin

admin

Next Post
Retailer MINISO to buy nearly 30% stake in China’s Yonghui for $893 million

Retailer MINISO to buy nearly 30% stake in China’s Yonghui for $893 million

Trending News

Starbucks earns a new positive rating as RBC starts coverage at buy

Starbucks earns a new positive rating as RBC starts coverage at buy

November 15, 2024
Brazil freezes spending at $3.33 billion to comply with fiscal rules

Brazil freezes spending at $3.33 billion to comply with fiscal rules

November 23, 2024
Coinbase stock price has key tailwinds in 2025: is it a buy?

Coinbase stock price has key tailwinds in 2025: is it a buy?

January 19, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.