People familiar with the talks told Reuters that US fabrication would cost substantially more because of higher construction and labor expenses. But US government policy is making that comparison less straightforward. SK hynix’s Indiana project received up to $458 million in federal CHIPS funding, while a White House semiconductor proclamation in January proposed broader chip … Read More

An AI jobs apocalypse may not be the biggest threat to US workers in the next decade. The larger challenge could be helping millions of people move into new jobs, according to a study by consulting firm McKinsey & Co. Roughly 11 million American workers, or about 7% of the current workforce, may need to … Read More

The German industry association BDI on Friday called for a more determined effort to reduce economic risks linked to China, arguing that Europe must diversify supply chains and forge new partnerships while avoiding broad-based protectionism. The BDI, representing major German manufacturers, said in a policy paper that “de-risking” should be pursued more consistently, though it … Read More

Treasury Secretary Scott Bessent says the United States and China are considering lowering tariffs on “noncritical” items — the consumer goods that fill American shopping carts — as part of the package being assembled around this week’s Trump-Xi summit. Reporting on the talks describes moving certain Chinese goods back to most-favored-nation rates, covering some $30 … Read More

U.S. imports declined 4.5% in the 12 months following the April 2025 “Liberation Day” tariff announcement, while ocean containerized imports dropped 4.3%, according to a Descartes Datamyne analysis of U.S. Census and bill-of-lading data. The report compares May 2025 through April 2026 with the preceding 12-month period, a span marked by the imposition, revision and … Read More

US President Donald Trump has signed the Russia sanctions bill into law, paving the way for up to 100 per cent tariffs on countries buying Russian oil and gas, and putting India and China under threat. Trump’s nod came two days after the Republican-led House of Representatives passed the sweeping sanctions bill by a vote … Read More

A year after shifting production and sourcing out of China to avoid higher U.S. tariffs, some companies are learning that replicating the country’s factory ecosystem is not so easy and are bringing manufacturing back. Last year, ​as President Donald Trump’s tariffs set off a global rush to diversify supply chains, Heather Kuang’s China-based metal casting … Read More

Canada’s retaliatory tariffs were the tipping point for Aeris Protective Packaging Inc. Founder and president Michael Leiberman, a born-and-raised Montrealer, is opening a manufacturing plant south of the border to keep his business alive. The local company’s move highlights a growing exodus of Canadian manufacturers driven across the border by escalating trade crossfire and uncompetitive … Read More

Price has long been the main knock on solar panels made in the United States. They have typically been much more expensive than comparable panels from China. That difference is shrinking, but the change seems to reflect policy as much as manufacturing. Intertek CEA analysis highlighted in the video shows that the once roughly threefold … Read More

In something of an unexpected consequence, Japanese automakers Toyota (TM) and Honda (HMC) have more to lose than any US automaker from President Trump’s threatened tariffs on Canadian-built vehicles. In a note to clients, JPMorgan Securities’ head of global auto equity research Jose Asumendi noted that Canadian-built vehicles accounted for nearly a quarter of Honda’s … Read More