The United States manufacturing sector finds itself at a critical juncture, grappling with a confluence of systemic issues that have eroded its historical edge. At the heart of this decline lies a combination of subpar education, intense capitalist greed, and a shift away from the principles of real democracy toward a form of naked capitalism … Read More
Ford CEO Jim Farley has a question about President Donald Trump’s threatened tariffs on imports from Mexico, Canada, and China: Why stop there? Farley said in a conference call Wednesday that Trump’s selective approach “doesn’t make sense.” “Why are we having this conversation while Hyundai-Kia is importing 600,000 units in the U.S. with no incremental … Read More
Thai companies want the government to step up efforts to shield local producers from a potential influx of cheap goods following the Trump administration’s move to slap tariffs on Chinese imports. The plea for increased protection comes amid fears that Chinese exporters will flood its neighboring countries with products that it’s unable to ship to … Read More
The simple truth is that Mexico and Canada need the U.S. far more than the U.S. needs either of them. Mexico sends some 84 percent of its exports to American markets, while only 14.5 percent of U.S. exports go to Mexico. Canada relies on the U.S. to buy 77 percent of its exported goods, but … Read More
Since the imposition of Section 301 tariffs on China in 2018, the goods deficit with China has declined from a record $418.23 billion in 2018 to $295.4 billion today. The result of those tariffs have been an increase in capacity at some U.S. factories, as a March 2023 report by the International Trade Commission attests, … Read More
The recent threat of President Donald Trump’s tariffs on Canadians has led Canadian manufacturers to look at Buffalo as a possible place to set up shop. President of Invest Buffalo Niagara Thomas Kucharski said when the potential tariffs were announced back in December, he got a surge in Canadian businesses interested in moving to the … Read More
“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
