Two years of plant closures have led steel pipe maker Zekelman Industries to take matters into its own hands. The company announced on Oct. 21 that it filed a lawsuit against the Mexican government for breaching a 2019 joint steel trade agreement with the United States.
A new solar company called Ebon Solar has secured a $10 million grant from the state of New Mexico, along with $1 million in financing and another $1 billion in a state-backed bond, to build an 834,000-square-foot solar cell manufacturing facility near Albuquerque.
U.S. Trade Representative Katherine Tai said the proper use of tariffs as a trade tool is good for the middle class, especially those that work in the industrial sectors of the economy. No tariffs, on the other hand, may lower costs of goods sold.
The August trade figures came in surprisingly low on Tuesday, falling 10% to $70.4 billion, marking the lowest monthly goods and services gap since March ($67.9 billion), the Bureau of Economic Analysis said today.
Ford is the winner, though it might not be a prize worth winning in this case. The number one U.S. corporation with the most exposure – and therefore dependency – on China partners and supply is the historic Detroit auto maker.
by Kenneth Rapoza for Newsweek Despite support for tariffs among American voters, many career Republican politicians still oppose this vital policy tool while they cling
Kamala Harris spoke for 45 minutes at the Economic Club of Pittsburgh on Wednesday where she spent some of that time talking about industrial strength, and how a weakened manufacturing base is bad for the country’s prosperity.
Donald Trump was in Savannah for a campaign stop on Tuesday where he spoke for 90 minutes, bringing up tariffs, taxes, and a real threat of tariffs on Mexico-made cars.
Claudia Sheinbaum, who won Mexico’s June presidential election with 59% of the vote, will take office in October 2024. She succeeds President Andrés Manuel López Obrador (AMLO) and shares his political affiliation as a member of the National Regeneration Movement (MORENA).
Sunsong, a Chinese multinational automotive parts manufacturer, is now facing serious scrutiny from the House Select Committee on the Chinese Communist Party (CCP). And the attention it’s receiving is far from positive.
