Tariffs have protected some companies, but more often they’ve hit the parts and materials many factories need to make finished goods.
Category: Factories and Manufacturing
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At World’s Busiest Port, China’s Unbalanced Economy Comes Into View
The shipping traffic and factories never stop in China’s port city of Ningbo, but the local housing market has crashed and nearby restaurants sit empty.
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U.S. Automakers’ Foreign Troubles Now Extend to Canada
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
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Trump’s First Year Could Have Lasting Economic Consequences
President Trump’s policies have so far done little to change the overall state of the American economy, but economists warn they will ultimately weaken the United States.
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Trump Imposes Limited Tariffs on Foreign Semiconductors
The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry.
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Trump Credits ‘Mister Tariff’ for the Country’s Strength. Economists Beg to Differ.
Many indicators appear to suggest that the United States is growing despite tariffs, not because of them.
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China’s Trade Surplus Surged 20 Percent to New Highs
A currency kept weak to help Chinese factories, combined with faltering consumer spending, propelled exports, while a campaign for self-sufficiency limited imports.
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Trump Administration Nears Deal With Taiwan
The trade deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.
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Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.
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Trump Seeks New Powers to Pressure ‘Underperforming’ Weapons Makers
In an executive order, President Trump is aiming to punish defense contractors that don’t deliver weapons quickly enough.
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G.M. Books a $7.1 Billion Loss as It Scales Back E.V. Ambitions
General Motors said it was writing down the value of battery and electric vehicle factories after changes in federal policy undercut demand.