Tariffs Turn Aluminum Maker Rio Tinto Into a Buyer in US Market
Rio Tinto Group, one of the world’s largest aluminum producers, runs a refinery and five smelters in Canada’s Quebec province, with most of the metal flowing south to the US…
TSMC Is Removing Chinese Chipmaking Tools From Its 2nm Production Lines To Avoid Any Restrictions On Its Supply Chain From The U.S.
A multitude of cutting-edge chips will leverage TSMC’s 2nm process next year, with the world’s biggest semiconductor manufacturer already having a head start by reportedly taking orders for its wafers…
German Business Outlook Unexpectedly Hits Highest Since 2022
Confidence among German firms unexpectedly improved to the highest since 2022 after the European Union struck a trade deal with the US, despite some criticizing higher tariffs. “Companies are mostly hoping for…
Canada removing retaliatory tariffs on CUSMA-compliant U.S. goods
Canada will remove all tariffs on goods from the United States that are covered by the Canada-U.S.-Mexico Agreement (CUSMA) by Sept. 1, Prime Minister Mark Carney announced on Friday. The…
Made in Indiana: Guardian Bikes manufactures thousands of bicycles each day in Seymour
In the middle of Indiana cornfields, a company is cranking out thousands of bicycles every day — all made in Seymour. Guardian Bikes, originally founded in Texas, has planted strong…
Major Japanese carmakers say they aren’t raising prices in the U.S. because of tariffs
Toyota, Japan’s largest automaker, told CNBC on Thursday that when its U.S. affiliate raised prices in July, it was “not in response to the tariffs or prospects of increases, but…
Trump’s tariffs could reduce US deficit by $4 trillion, CBO estimates
President Donald Trump’s increased tariffs on U.S. imports from foreign countries could reduce the national deficit by $4 trillion over the next decade, the Congressional Budget Office estimated on Friday….
Ontario loses 38,000 jobs as U.S. tariffs hit manufacturing sector
Ontario lost tens of thousands of jobs in the past three months, according to the province’s financial watchdog, as the impacts of tariffs from the United States begin to bite….
Walmart Shoppers Prove Resilient As Sales Climb
The Bentonville, Arkansas-based retailer says second-quarter sales rose in each business segment, with total revenues increasing 4.8% to $177.4 billion. A day after Target reported sales decline, Walmart said its…
Korea’s Early Export Lifted by Chips Despite US Tariffs Toll
“Exports through the first 20 days of August came in stronger than expected, driven by a surge in semiconductor shipments,” said Bloomberg economist Hyosung Kwon. “Strong global demand for AI-related…