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 market. Now, with President Donald Trump’s tariffs, it’s suddenly cheaper for Rio to buy aluminum in the US and resell it to American customers rather … Read More
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 stocks in 2025, putting flows on track for the largest yearly inflow since at least the 1990s. Fortune reported that between January and May alone, … Read More
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 offsetting tax cuts signed into law this summer in the One Big Beautiful Bill (OBBB). The CBO raised its 10 year deficit reduction forecast by … Read More
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 from the month of April. For years, the company has relied on Chinese chipmaking equipment to complete its ambitious goals, but with the U.S. administration … Read More
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 things to get better,” Ifo President Clemens Fuest told Bloomberg TV on Monday. “But if we look at order intake and other current indicators, hard facts, we … Read More
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 prime minister said Canada will maintain its tariffs on steel, aluminum and autos as the Liberal government works with the U.S. to craft a new … Read More
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 roots in southern Indiana. Spread across eight buildings, the company makes nearly 90% of every part that goes into its bikes right on site. Inside … Read More
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 rather a regular, annual price increase to reflect increases in various operational costs.” “We have said that we would observe the situation concerning the tariffs … Read More
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. If Trump’s global tariff hikes continue, increased revenue could shrink primary deficits by $3.3 trillion and cut federal interest payments by $0.7 trillion over the … Read More
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 at Roper Corporation and plant manager at Ropers’s facility in LaFayette, Georgia, decided it was also time to redesign the manufacturing lines that produced the … Read More
