{"id":1909952,"date":"2023-04-04T22:25:46","date_gmt":"2023-04-05T02:25:46","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chase-ceo-bidens-electric-vehicle-push-could-benefit-beijing-and-imperil-us-national-security\/"},"modified":"2023-04-04T22:28:18","modified_gmt":"2023-04-05T02:28:18","slug":"chase-ceo-bidens-electric-vehicle-push-could-benefit-beijing-and-imperil-us-national-security","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/chase-ceo-bidens-electric-vehicle-push-could-benefit-beijing-and-imperil-us-national-security\/","title":{"rendered":"Chase CEO: Biden&#8217;s Electric Vehicle Push Could Benefit Beijing and Imperil US National Security"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fchase-ceo-bidens-electric-vehicle-push-could-benefit-beijing-and-imperil-us-national-security%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1909952&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><br \/>\n<section id=\"article\">\n<article data-post-title=\"Chase CEO: Biden's Electric Vehicle Push Could Benefit Beijing and Imperil US National Security\" data-post-slug=\"http:\/\/russian-official-wanted-for-war-crimes-set-to-brief-un-security-council-meeting\" data-post-url id=\"print-1711809\">\n<div>\n<p><h2>The CEO of JPMorgan Chase, Jamie Dimon, warns that the Biden administration&#8217;s push to transition to electric vehicles could benefit Beijing and &#8220;imperil&#8221; US national security. <\/h2>\n<\/p>\n<figure><figcaption>\n          JPMorgan Chase CEO Jamie Dimon \/ Reuters<br \/>\n        <\/figcaption><\/figure>\n<\/p><\/div>\n<div>\n<p>Dimon argues that China&#8217;s dominance of the green energy supply chain creates a risk, as the US may become too reliant on them if efforts are not made through an &#8220;industrial policy&#8221; to ease China&#8217;s grip on the rare earth minerals needed to produce electric vehicles and other green energy forms. In his annual shareholder letter, Dimon noted that without such a strategy, China &#8220;could eventually imperil national security&#8221; by using subsidies to dominate batteries, rare earths, semiconductors, and electric vehicles. The CEO also wrote, &#8220;We cannot cede these important resources and capabilities to another country.&#8221;<\/p>\n<p>This warning from Dimon comes after Interior Secretary Deb Haaland agreed that the US&#8217;s transition to electric vehicles increases America&#8217;s reliance on China. Republican congressman Guy Reschenthaler also pointed out at a March 28 House Appropriations Committee hearing that China controls most of the world&#8217;s &#8220;rare earth elements,&#8221; essential in producing electric vehicle batteries, making the US more susceptible to China&#8217;s dominance.<\/p>\n<p>The Biden administration&#8217;s reluctance to support domestic mining projects is at odds with Biden&#8217;s campaign promise to back domestic mines. In October 2020, then-candidate Biden pledged to support American miners, earning support from the National Mining Association. However, Biden&#8217;s administration has funded foreign mines instead, specifically a Brazilian nickel and cobalt mine, announcing a $30 million investment in November 2021. Similarly, Biden&#8217;s State Department indicated that it was exploring using taxpayer funds to fund &#8220;about a dozen&#8221; mining projects abroad.<\/p>\n<p>Republicans have criticised Biden for &#8220;choosing foreign workers over American workers.&#8221; Said Minnesota congressman Pete Stauber in December 2021, &#8220;Joe Biden wants to mine anywhere but in America, with any worker other than the American worker.&#8221;<\/p>\n<\/p><\/div>\n<\/article>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>&#8216;We cannot cede these important resources and capabilities to another country,&#8217; Jamie Dimon says in shareholder letter JPMorgan Chase CEO Jamie Dimon \/ Reuters China&#8217;s dominance of the green energy supply chain means the Biden administration&#8217;s push to transition to electric vehicles could benefit Beijing and &#8220;imperil&#8221; U.S. national security, JPMorgan Chase CEO Jamie Dimon<\/p>\n","protected":false},"author":176,"featured_media":1909953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[544],"tags":[4290,13825,3706,3850,8528,5340,23566,4107,3688,3646,5343],"class_list":["post-1909952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-free-beacon","tag-beijing","tag-benefit","tag-bidens","tag-ceo","tag-chase","tag-electric","tag-imperil","tag-national","tag-push","tag-security","tag-vehicle"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1909952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1909952"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1909952\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1909953"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1909952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1909952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1909952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}