Toyota has announced the start of production at its only U.S. battery plant in Liberty, North Carolina. The nearly $14 billion facility will house 14 battery production lines and will create up to 5,100 new jobs. The company also said it will invest up to $10 billion to support future mobility efforts in the U.S. … Read More
Inspectors in the US discovered shipments of prawns and Nike branded sneakers emitting faint traces of man-made radiation, leading to an investigation that traced the source to a factory park outside Jakarta, Indonesia. Radioactive Cesium-137 had been released into the air from a small smelter processing scrap metal, contaminating more than 20 factories, including those … Read More
Like every company that imports, Build-A-Bear Workshop is being affected by tariffs. Although it pulled forward inventory in anticipation of their impact, the company reported on its second-quarter earnings call an estimated $11 million hit to 2025 income. Nonetheless, it was able to increase its guidance for the full year thanks to a strong first … Read More
Manufacturing’s true economic footprint is much larger than GDP and employment share statistics suggest, with total output accounting for up to 35% of GDP in 2015. Manufacturing supports millions of jobs indirectly. Strong synergies exist between manufacturing and innovation, with manufacturing driving 60% of U.S. R&D and fostering technological advancements that benefit the entire economy. … Read More
Mexico raised tariffs of up to 210% on sugar imports from countries with which it doesn’t have a trade deal, part of a plan to protect the domestic industry from falling prices. The measure, which takes effect on Tuesday, includes tariffs of 156% and 210% on cane sugar, refined liquid sugar, beet sugar and syrups, … Read More
While US photographers are no strangers to increasing prices in the wake of new tariffs, Really Right Stuff is a Utah-based company that makes its tripods in the US. A company representative told Digital Camera World that the increase is due to rising inflation and production costs. Read the article.
Most of the pasta sold in the U.S. is already made here. But imports from Italy made up about 12% of the pasta market, according to Time magazine. If your favorite pasta is imported from Italy, it might be time to stock up before the tariffs go into effect — or find a cheaper alternative. … Read More
One of the 13 Italian pasta companies facing whopping 107% tariffs come January is pleading with the Trump administration to axe its plans – which could force the business to double its prices. An executive with the American branch of Italian pasta giant Rummo told The Post it could only last a month or two … Read More
Beijing officials call China’s current deflationary malaise “involution” — a destructive cycle of intense, self-destroying business competition sparked by excess capacity. According to a Bloomberg News analysis, it feels even more pronounced on the ground. Using data on almost 70 everyday products and services from multiple sources, our analysis showed prices dropped more sharply than … Read More
The National Retail Federation expects Americans to cross a milestone this season, with holiday sales topping $1 trillion for the first time. In the new forecast, the trade association projects that November to December sales will rise between 3.7% and 4.2% from last year, reaching $1.01 trillion to $1.02 trillion. Executives underscored the outsized role … Read More
