Biden Sharply Raises Tariffs on Chinese EVs, Steel, Solar Cells ; US Wholesale Inflation Hit Its Highest Rate in A Year | Business Matters Full Broadcast (May 14)

Business Matters with Don Ma

President Joe Biden on Tuesday unveiled steep tariff increases on an array of Chinese imports including electric vehicle batteries, computer chips, and medical products, in a bid to woo voters who give his economic policies low marks.

Producer prices—the cost of goods and services paid by businesses—rose hotter than expected in April, adding to concerns that the U.S. economy could be in the middle of another inflation wave.

U.S. and British officials warned on Tuesday of a growing cyber threat from China, with the White House cyber director saying Beijing was capable of causing havoc in cyberspace and a UK spy agency chief warning of an "epoch-defining" challenge.