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…
The boycott stops where portfolios begin as US stocks draw record inflows
Canadian investors are sending record amounts of capital into US markets this year, despite trade disputes, boycotts, and declining cross-border travel. According to Bloomberg, Canadians have poured $124bn into US…
CONGRESSIONAL BUDGET OFFICE CONFIRMS TARIFF REVENUE WILL DECREASE DEFICIT BY $4 TRILLION
The Congressional Budget Office (CBO) upped the ante on their estimate for fiscal deficit reduction last week, all due to higher tariffs that kicked into effect this month. Tariffs are…
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….
GE Appliances Practices Lean Technology Strategy
Updating lines with robotics, metrology, AGVs and AMRs to boost accuracy, efficiency and safety. When GE Appliances redesigned one of its freestanding range platforms, Luther Ingram, president and executive director…