Tag: Biden, Joseph R Jr

U.S. Limits China’s Ability to Benefit From Electric Vehicle Subsidies

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The Biden administration proposed new rules on Friday aimed at shifting more production of electric vehicle batteries and the materials that power them to the United States, in an attempt to build up a strategic industry now dominated by China. The rules are meant to limit the role that firms in China can play in supplying materials for electric vehicles that qualify for federal tax credits. They will also discourage companies that seek federal funding to build battery factories in the United States from sourcing materials from China or Russia.…

U.S. Debates How Much to Sever Electric Car Industry’s Ties to China

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The Biden administration has been trying to jump-start the domestic supply chain for electric vehicles so cleaner cars can be made in the United States. But the experience of one Texas company, whose plans to help make an all-American electric vehicle were upended by China, highlights the stakes involved as the administration finalizes rules governing the industry. Huntsman Corporation started construction two years ago on a $50 million plant in Texas to make ethylene carbonate, a chemical that is used in electric vehicle batteries. It would have been the only…

Could Biden’s Clean Energy Push Be a Victim of Its Success?

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Dalton, Ga., was once known as the carpet capital of the country. Economic diversification meant branching out from wall-to-wall to hardwood flooring. Now, at Qcells, a solar panel company, robots patrol acres of shop floor where delicate solar cells are packaged, laminated and boxed into sophisticated panels — almost 30,000 a day at peak production — in a highly automated production line. The company built a massive factory in Georgia — one of the most crucial states in the 2024 presidential election — and has another in the works. Both…

A Rare Opportunity to See China’s Leader Up Close and (Sort of) Personal

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As the most powerful Chinese leader in generations, Xi Jinping rarely bothers to glad-hand or to try charming a crowd. His public appearances in China are carefully crafted, with fawning cadres and adoring fans carefully positioned around him. So when Mr. Xi landed in San Francisco this week to meet with President Biden, to try to stabilize a relationship with the United States that has been spiraling downward, it provided a rare opportunity to see the Chinese leader up close and, at times, less filtered than usual. There were a…

Two Superpowers Walk Into a Garden

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Biden and Xi Make Nice Despite U.S.-China Tensions

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In Washington, President Xi Jinping of China is largely considered a mysterious autocrat who has long harbored a fatalistic view of his country’s relationship with the United States. But for a brief moment on Wednesday, at a century-old gilded mansion in the hills of Northern California, President Biden treated Mr. Xi like just another car guy. “It’s a beautiful vehicle!” Mr. Biden said as he walked the Chinese leader to his car, an armored, 18-foot Hongqi sedan, after a long day of diplomatic wrangling, according to a video published by…

Day After Xi Meeting, Biden Says U.S. Has ‘Real Differences’ With China

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President Biden said Thursday that the United States has “real differences with Beijing,” one day after he after he held an hourslong meeting with President Xi Jinping of China at a moment of deep tension between the two countries. Speaking to executives at the APEC summit in San Francisco, Mr. Biden noted that he and Mr. Xi had agreed to resume military to military communication to “reduce the risk of miscalculation” — a line that got a round of applause from the room. “We have real differences with Beijing,” Mr.…

For Biden, a Subtle Shift in the Power Balance With China’s Xi Jinping

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When President Biden met President Xi Jinping on Wednesday on the edges of Silicon Valley, there was a subtle but noticeable shift in the power dynamic between two countries that have spent most of the past few years denouncing, undercutting and imposing sanctions on each other. For the first time in years, a Chinese leader desperately needed a few things from the United States. Mr. Xi’s list at the summit started with a revival of American financial investments in China and a break in the technology export controls that have,…

Biden Met With Xi, in an Effort to Lower the Heat

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President Biden met today with Xi Jinping, the president of China, on the sidelines of the Asia-Pacific Economic Cooperation summit in California. It was their first conversation in a year, and both leaders framed the meeting as a step toward easing tensions that had dramatically worsened in recent years. “Planet Earth is big enough” for both superpowers, Xi said, adding that their countries should be “fully capable of rising above differences.” Aides to Biden said that his primary goal was finding a way to avoid the bitter competition with China…

What the Biden-Xi Talks Accomplished (and Didn’t)

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Biden and Xi try direct diplomacy The mood music was upbeat but pragmatic after the first face-to-face meeting in a year between President Biden and his Chinese counterpart, Xi Jinping. There was no joint communiqué after Wednesday’s talks, but both sides issued positive statements trumpeting where they found common ground, including on tackling climate change and improving communications. The San Francisco summit, and Xi’s banquet with American business leaders afterward, were signs of how entwined the economies remain despite years of rising tensions — and why both sides and many…