Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Biden administration plans to raise tariffs on Chinese electric vehicles imports from 25 per cent to 100 per cent, as it intensifies efforts ahead of the US election to protect American industry. The administration…
We Are In Q1 2024, our consumers spent very vigorously on services at the fastest growth rate since 2021, adjusted for inflation, but not so vigorously on goods. And private fixed investment jumped at the fastest rate in two years. But dragging on GDP were the trade deficit, which worsened sharply on a majestic surge…
Chun han Use of coal in power generation fades. Cheap US natural gas has been hard to beat for 15 years. Coal consumption in the US plunged another 17.4% in 2023 from the prior year, to 426 million short tons, the lowest since 1963 (red line in the chart), according to data from the Energy…
TexBr/iStock via Getty Images For the first time in 20 years, China is no longer the main seller of goods to the US. That title is now held by Mexico. Derek Burleton, Deputy-Chief Economist at TD, discusses the changing globalization landscape and Canada’s ability to compete. Transcript Kim Parlee: While it may have been unthinkable…
Stay informed with free updates Simply sign up to the Renewable energy myFT Digest — delivered directly to your inbox. Brussels is considering emergency support measures for Europe’s solar panel manufacturing industry as a flood of cheap Chinese imports threatens domestic production and industry figures warn the continent’s manufacturers are “on the brink”. Four European…