Who benefits from US tariffs on Chinese imports? Experts weigh in
Al Jazeera
While the tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden.
The trade war between the United States and China continued this week with its latest salvo – a move that comes amid a heated race for the White House.
On Tuesday, US President Joe Biden announced tariff hikes on imports of various Chinese goods, worth $18bn.
Lithium-ion batteries make up $13bn of the total imports, while certain steel and aluminium products, as well as items like medical gloves and syringes, accounted for the remaining $5bn.
Experts say tariffs on these products will likely have limited effects on consumer goods prices and economic growth. The greater gain, they say, may lie at the ballot box, as Biden jockeys for a second term in the White House.
“These tariffs are very much on the margins, and the impacts on the economy will be a rounding error,” Bernard Yaros, lead US economist at Oxford Economics, told Al Jazeera.
Five healthcare workers killed in Israeli strikes in southern Lebanon, Ministry of Public Health says.
Vulnerable nations are seeking $1.3 trillion annually to deal with the damage caused by climate change and to adapt.
The city’s southern suburbs have been hit repeatedly in recent months
New York judge cancels a sentencing hearing previously scheduled for November 26 without setting a new date.
Many Haitian children face the stark choice of joining a gang or suffering from violence, poverty and hunger engulfing them.
Tapped to lead the Justice Department, Bondi is a former Florida attorney general and longtime Trump supporter.
The arrest warrants against Netanyahu and Gallant could lead to countries rethinking arms deals with Israel, experts say
Moscow says the Oreshnik, a nuclear-capable weapon, was used in an attack on Ukraine amid escalating tensions.
Police say a ‘suspected prohibited item’ was discovered in luggage in the facility’s south terminal.
The NGOs want the Netherlands to ban the export and transit of weapons, weapon parts, and dual-use items to Israel.
All the details about the biggest two weeks in chess as a young Indian grandmaster takes on the Chinese world champion.