WASHINGTON (Reuters) - President Joe Biden's outgoing administration is finalizing rules on Tuesday that will effectively bar nearly all Chinese cars and trucks from the U.S. market, as part of a crackdown on vehicle software and hardware from China.

In a conversation about its Chinese competitors with the host of the Fully Charged Podcast, Robert Llewellyn, he admitted that his daily driver was a car made by one of Ford's Chinese competitors: an EV by consumer electronics giant Xiaomi called the SU7.

The U.S. Department of Commerce announced a final rule Tuesday that would ban the sale or import of connected vehicles from China and Russia due to

When President Biden took office four years ago, he sought to reassure global allies and reestablish foreign treaties from which the Trump administration had withdrawn.

At his last foreign policy address on Jan. 13, President Joe Biden claimed he was leaving the next administration a stronger hand to play in diplomacy.

Biden trumpeted his administration’s work on expanding NATO, rallying allies to provide Ukraine with military aid to fight Russia and bolstering American chip manufacturing to better compete with China during a wide-ranging speech to reflect on his foreign policy legacy a week before ceding the White House to Trump.

The Biden administration is proposing a new framework for the exporting of the advanced computer chips used to develop artificial intelligence, an attempt to balance national security concerns about the technology with the economic interests of producers and other countries.

Nvidia pushed back on the Biden administration's new executive order relating to overseas sales of advanced AI chips, saying it will undermine U.S. technological leadership.

Nvidia shares were up 2.1% at $136 in premarket trading. The stock fell 2% on Monday. The Biden administration on Monday outlined AI chip restrictions that would apply caps on U.S

Thousands more borrowers are receiving student-loan forgiveness just one week before President Joe Biden leaves the White House. On Monday, Biden's administration announced $4.2 billion more in debt cancellation for over 152,

President Joe Biden said on Monday his administration would cancel student loans for more than 150,000 borrowers, targeting those who attended schools that defrauded students, those with permanent disabilities and public service workers.

Despite failing to deliver his promise for broad student loan forgiveness, President Joe Biden has now overseen the cancellation of student loans for more than 5 million Americans — more than any other president in U.