“You should think of tariffs three ways,” Bessent said. “One will be for remedying unfair trade practices either in an industry or by a country, like steel and China. Another will be as a revenue source, and third is to use it for negotiations with countries like Mexico for the fentanyl crisis.” Other tariffs are … Read More
“We need to be making cell packs outside of China and that’s what we are going to be focusing on the next year,” Chief Executive Officer Badri Kothandaraman said in an interview with Bloomberg News. He did not specify where the company would move its operations. While a third of Enphase’s battery assembly operations is … Read More
Good. Long overdue because the US has been getting crapped on for long enough,” Dick Schussler, 69, a retired mechanic, told The Post. “It’s leveling the playing field. They’ve already got tariffs on us so we are just leveling the playing field and they don’t like it.” The Made in America Store, which is festooned … Read More
India’s government made significant cuts to import tariffs in its budget and signaled it won’t shelter businesses behind protectionist measures, a clear strategy to head off any retaliation from US President Donald Trump who began a new trade war with key partners. The reduction in import duties covered a range of goods from electronics to … Read More
Tariff Opposition Isn’t Academic Expertise—It’s Coordinated Political Opposition The Coalition for a Prosperous America (CPA) strongly supports the Trump administration’s expected announcement today imposing 25% universal tariffs on Mexico and Canada and 10% universal tariffs on China—a long-overdue step to rebalance trade, strengthen U.S. manufacturing, and restore American economic independence. “For decades, so-called ‘free trade’ … Read More
Prices for avocados are already up 14% from a year ago, even as overall produce costs are nearly flat, according to researcher NielsenIQ. “This season was different,” said Humberto Solórzano, a producer in Michoacán state — the hub of Mexico’s avocado industry. “The fruit didn’t grow because of the drought, so there’s a very high … Read More
Europe must buy American goods if it wants to prevent a trade war with America, Italian Foreign Minister Antonio Tajani said today, ANSA news agency reported, quoted by BTA. If the EU wants to avoid a trade war with Donald Trump, it must buy more from the US, increase defense budgets and reduce regulations to … Read More
Volkswagen Group is reportedly considering some production changes. German publication Handelsblatt cites anonymous sources familiar with the situation as saying Porsche and Audi could send at least some production to the US. There’s no mention of specific models or a timeframe for when this could happen, but the report points out the new Scout Motors … Read More
Jim Barber, of toy maker Luke’s Toy Factory, said that he is contacted “every couple of months” by businesses wanting to move their manufacturing back to the United States. “There are plenty of people that can do these things,” said Barber, whose company is named after his son Luke. Hundreds of thousands of textile jobs … Read More
After 25 years of offshore outsourcing, America has a more limited manufacturing footprint, both in terms of facilities and expertise. In the immediate wake of proposed tariffs, demand for these facilities will likely outpace supply, making first-mover advantage a very real benefit. In addition, many of the goods produced overseas have been manufactured there for … Read More
