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| Name | US-China tariffs force China to be creative, analyst says |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 14-05-2024 15:03:59 |
| Video Discription | The Biden administration has enacted a new set of tariffs against China that will hit up to $18 billion in imported goods, including quadrupling the duties imposed on electric vehicles (EVs) and doubling tariffs on solar panels and semiconductors to 50% each. Bernstein Managing Director and Senior Analyst Stacy Rasgon joins The Morning Brief to elaborate on whether or not these trade policies will have any lasting effects on the United States, its demand for semiconductor imports, and the new avenues China is approaching to acquire more AI chips. "The US just doesn't import a lot of direct semiconductors from China... it's maybe a few billion dollars, it's not any more than that. So there's no direct impact," Rasgon says. "Now the indirect impact, you know again risks of further escalation... like counter like actions from China... those have been the issues that we've been dealing with over the last several years. By and large, they have been manageable." About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance |
| Category | News & Politics |
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