A 25 percent levy on heavy-duty trucks and parts is set to take effect next month. Companies have few details on the policy.
Category: Factories and Manufacturing
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Stellantis, Faced With Trump’s Tariffs, Scraps Plans to Increase Auto Production in Canada
Canadian leaders blame the move by Stellantis, the automaker, to abandon production in Ontario on President Trump’s tariffs. Mr. Trump says he wants to increase domestic production.
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America Is Heavily Reliant on China for Raw Materials in Medicines
A new analysis found that nearly 700 drugs approved for use in the United States depend on chemicals solely produced in China.
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Stellantis Unveils $13 Billion U.S. Investment Plan
The carmaker, which has struggled with weak sales, is the latest company to announce a hefty investment in the United States.
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Slowing Electric Vehicle Sales Will Cost G.M. $1.6 Billion
General Motors said it would lower its earnings by that amount to mainly reflect the drop in the value of equipment, factories and other assets.
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Factory Towns Revive as Defense Tech Makers Arrive
Drawn by local talent, cheap labor and state cash incentives, start-ups building the weapons of the future are revitalizing manufacturing in once-vibrant industrial towns.
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Cars to Fighter Jets: China’s New Export Curbs May Level a Heavy Blow Worldwide
Broad restrictions could cause supply interruptions for arms makers, as well as manufacturers in the semiconductor, automotive and other sectors.
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Trump to Announce a Drug Pricing Deal With AstraZeneca
The move would follow a similar agreement with Pfizer. Other companies are engaged in talks with the White House that would help them avoid tariffs on their products overseas.
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German Leaders and Auto Chiefs Team Up in Push to Relax Emissions Rules
The chancellor said he planned to urge the European Union to back off a policy that has been widely interpreted as a ban on combustion engines after 2035.
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Irish Factory Prospered Because of China’s Babies. Then Nestlé Pulled the Plug.
China’s baby boom enriched a small Irish town where a Nestlé factory made formula for Chinese newborns. Then a baby bust unraveled it all. Or so it seemed.
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Can This Isolated British Island Keep Its Economy Afloat?
The Isle of Wight, known for its beaches and a rock festival that featured Jimi Hendrix and Bob Dylan, has had setbacks in manufacturing, but there have also been bright spots.
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Electric Vehicles Face a ‘Pretty Dreadful Year’ in the U.S.
The end of a federal tax credit is expected to push sales of battery-powered cars down but auto experts believe the market will eventually recover.