The president came into office planning harsher trade moves on China than on the rest of the world. Here’s why he’s had to scale them back.
Category: Factories and Manufacturing
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Steel Tariffs Are Raising the Price of Canned Foods
The New York Times – Business:The cost to put food in cans remains high because manufacturers must still import steel from overseas. U.S. Steel plans to reopen a tin-plate factory.
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Elon Musk’s SpaceX Plans $55 Billion Investment to Make A.I. Chips
The New York Times – Business:The rocket company’s new semiconductor factory, called Terafab, is part of the billionaire’s increasing efforts to dominate artificial intelligence.
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American Factories Lag in Adopting A.I. This Drugmaker Is an Exception.
The New York Times – Business:A Bristol Myers Squibb plant that makes cancer drugs was the only manufacturer in the U.S. recognized for innovation by the World Economic Forum this year.
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Ford Says an Affordable Electric Pickup Truck is Still Coming Next Year
The New York Times – Business:Ford Motor has written off $20 billion in electric vehicle investments but says it is forging ahead with an electric pickup that will sell for $30,000 next year.
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‘City of Glass’ Is Under Threat From Iran War
The New York Times – Business:In India, Firozabad has depended on its glassmaking industry for centuries. Fuel prices are starting to shatter businesses already under pressure.
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China’s Economy Starts to Show Cracks From Iran War
The New York Times – Business:China’s strategic reserves of oil and natural gas have insulated it somewhat, but its manufacturing-based economy is beginning to falter.
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The U.S. Started the War. The Rest of the World Is Feeling the Effects.
The New York Times – Business:In just eight weeks, much of the global economy has been knocked sideways. America has mostly been spared from the tumult.
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Some Labubu Dolls Contain Cotton Banned By Forced Labor Law, Testing Shows
The New York Times – Business:A test verified by The New York Times found that clothes for some of the viral dolls contained cotton from the Xinjiang region of China, which is banned in the United States.
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Some Labubu Dolls Contain Cotton Banned By Forced Labor Law, Testing Shows
The New York Times – Business:A test verified by The New York Times found that clothes for some of the viral dolls contained cotton from the Xinjiang region of China, which is banned in the United States.