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…
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…
S&P affirms ‘AA+’ credit rating for US, cites impact of tariff revenue
S&P Global on Monday affirmed its “AA+” credit rating on the U.S., saying the revenue from President Donald Trump’s tariffs will offset the fiscal hit from his massive tax-cut and…
GM Signs Multiyear Steel Supply Deal With Cleveland-Cliffs
Bloomberg reports that sources familiar with the matter have confirmed that Cleveland-Cliffs, America’s biggest automotive steel supplier, has signed a 3-year, fixed-price contract with multiple U.S.-based automakers, including GM. This…
US expands scope of Section 232 steel, aluminum tariffs
The U.S. has expanded the list of goods subject to Section 232 tariffs on steel and aluminum imports, per Customs and Border Protection bulletins published Friday. In the bulletins, CBP…
Italy Seeks to Limit China’s Ownership of Critical Companies
Italy’s government is considering plans to curb Chinese investors’ holdings at key companies to avoid tensions with the US at a time when tariffs and a strong euro are challenging…
Trump tariffs live updates: 117-year high in volume at busiest port in the US
The Port of Los Angeles, the busiest port in the US, reported the highest monthly container volume in its 117-year history for July as shippers front-load cargoes amid ongoing tariff…