High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
A Jeep plant that closed last year will be among those that will benefit from federal grants meant to help automotive manufacturers and protect jobs.
A tentative new contract at an Ohio battery maker on Monday was big for President Biden’s E.V. transition, but for some, the victory was upstaged by the U.A.W.’s activism on college campuses.
The shift, which could reshape the American auto market, is designed to encourage sales of electric vehicles and hybrids.
The president wants to shift America’s car fleet toward electric vehicles, but not at the expense of American jobs or national security.
Treasury Secretary Janet L. Yellen warned that China’s industrial strategy posed a global threat that requires a united response.
A deal to allow the Israeli billionaire Dan Gertler to cash out his mining positions in the Democratic Republic of Congo has enraged human rights activists and some government officials.
The states have been major beneficiaries of the Biden administration’s key economic policies, such as spending on infrastructure, manufacturing and clean energy.
Automakers in the United States and their supporters welcomed President Biden’s tariffs, saying they would protect domestic manufacturing and jobs from cheap Chinese vehicles.
The White House has imposed $18 billion in new duties on Chinese imports, but it’s unclear how much that will help his economic agenda.