The Biden administration previously finalized a $6.6 billion loan for Rivian
The funding will allow the company to build a factory in Georgia to produce the R2 and R3 January 20, 2025 16:00 The Department of Energy has finalized a $6.6 billion loan to Rivian. The funds will allow the company to build a new factory in Georgia. Production is expected to begin in 2028 and the plant will produce the R2 and R3. Donald Trump was sworn in as the 47th president earlier today, but the Biden administration forced some last-minute decisions before that could happen. One of them is finalizing a loan to Rivian worth up to $6.6 billion. The DOE said the funds will be used to fund the development and construction of a new manufacturing facility near Social Circle, Georgia. The plant covers approximately 9 million square feet and has the capacity to produce up to 400,000 crossovers and SUVs per year. More: Rivian Georgia plant gets $6.6 billion lifeline through taxpayers The plant will produce models…
Biden bans offshore drilling, Trump promises to ‘lift it’
Trump promises to overturn oil and gas ban on much of U.S. coast, but that's easier said than done President Biden has moved to ban offshore drilling on more than 625 million acres. Target areas are off the east and west coasts, the Gulf of Mexico and Alaska. The ban will be difficult to overturn, but President-elect Trump has pledged to do so. President Trump returns to the White House later this month, and his administration is said to be planning new and expanded oil and LNG drilling. This is expected to pave the way for increased federal property and offshore operations. However, President Biden derailed those plans by signing a “memorandum concerning the cancellation of oil or natural gas leases in certain areas of the United States’ Outer Continental Shelf.” Biden has banned leasing in many areas of the Outer Continental Shelf, citing public administration, climate change and possible harm to coastal areas and marine life. The list is…
Biden administration pledges $580 million to strengthen U.S. power
The U.S. Department of Transportation's Maritime Administration (MARAD) announced an investment of nearly $580 million to enhance port infrastructure across the United States. Funded by the bipartisan Infrastructure Act, the initiative will support 31 improvement projects across 15 states and one U.S. territory aimed at increasing the efficiency and capabilities of the nation’s maritime transportation system. Transportation Secretary Pete Buttigieg emphasized the importance of this investment, saying, "America's ports are critical to our supply chain. These projects from Long Beach to Monroe will expand capacity, increase efficiency, and provide Help reduce household costs.” The funding is allocated through MARAD’s Port Infrastructure Development Program (PIDP), a $2.25 billion program launched under the bipartisan Infrastructure Act. PIDP provides comprehensive support for planning, capital investment and project management to modernize urban and rural ports. Maritime Administrator Ann Phillips highlighted the impact of these upgrades, noting that U.S. waterways handle 2.3 billion short tons of cargo annually. She described the benefits of port improvements…
Biden administration to ban China and Russia
A new proposed rule would ban the sale or importation of certain vehicles and parts due to safety concerns September 23, 2024 15:50 The United States is working to prevent Chinese and Russian connected car technology from entering the country. The newly proposed rules target autonomous driving technology and connectivity systems, including Bluetooth, cellular, satellite and Wi-Fi. Governments are concerned that these technologies could be used to monitor infrastructure and potentially cause damage. The Biden administration continues to target Chinese automakers and tech companies, with their latest actions focusing on connected cars. As the White House explained, "Chinese automakers are seeking to dominate connected car technology in the United States and around the world, posing new threats to our national security, including through our supply chain." To counter this threat, the U.S. Department of Commerce has proposed a new rule that would “prohibit the sale or import of connected vehicles with certain technologies and the import of certain components from…
WorldECR | Biden writes to Congress approving AUKUS NNP
In a letter to the US Congress, President Joe Biden handed over the text of an agreement between the UK, the US and Australia on “naval nuclear propulsion-related cooperation” for his presidential approval. The letter states that on November 22, 2021, the AUKUS partners signed the 'Navy Nuclear Propulsion Information Exchange Agreement (ENNPIA), which allows the three parties to communicate and exchange Naval Nuclear Propulsion Information (NNPI), including certain restricted data (RD), in order to consult on the best path.' The ENNPIA came into force on February 8, 2022, and will remain in effect until December 31, 2025, unless superseded by a subsequent agreement. The new agreement, which will replace CERN, "will allow for continued communication and exchange of non-nuclear infrastructure (NNPI), including certain research and development, and will expand intergovernmental cooperation by allowing the transfer of naval nuclear propulsion plants for conventionally armed nuclear-powered submarines, including their components and spare parts, and other related equipment." It also "permits the…
Biden administration may ban use of Chinese software in the US
The United States recently held a meeting with key allies to discuss the national security risks of connected cars go through Brad Anderson August 6, 2024 15:14 The U.S. government is concerned that Chinese companies could use driver monitoring systems to eavesdrop on or record conversations. The change would effectively ban Chinese self-driving cars from being tested on U.S. soil. The United States recently quadrupled import tariffs on Chinese electric vehicles. Not only does the United States want to prevent a large number of Chinese-made electric vehicles from entering the local market, the Biden administration is also believed to be considering banning the use of Chinese software in cars sold locally that are equipped with Level 3 or higher autonomous driving systems. The Commerce Department is expected to propose a ban in the coming weeks that would not only prevent the local sale of self-driving and connected cars using Chinese software, but would also effectively ban the many Chinese-made self-driving…
Biden administration raises import tariffs
On July 10, 2024, the Biden administration announced an increase in import tariffs on aluminum and steel products. The increase in tariffs is the latest measure to combat the circumvention of Section 301 tariffs on Chinese-origin products by shipping products through third countries. The changes apply to goods imported or withdrawn for consumption on or after July 10, 2024. Aluminum tariff increase The Administration announced smelter and last minted country requirements for “Product of Mexico” aluminum products. The Administration also announced an increase in the Section 232 tariff rate on “Product of Mexico” aluminum products and derivative aluminum products that are smelted, sub-smelted, or last minted in China, Russia, Belarus, or Iran. The term smelter country is defined as follows: Smelting country of origin: The world's largest producer of new aluminum metal from alumina (or alumina) using the Hall-Heroult electrolysis process. Secondary smelting country: The world's second largest producer of new aluminum metal, whose raw material is electrolytic Hall-Heroult alumina…
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