Tag Archives: Factories and Manufacturing

Republican Budget Bill Aims to End I.R.A. Clean Energy Boom

Republican Budget Bill Aims to End I.R.A. Clean Energy Boom

At least 24 factories have been set up in the United States to produce electric cars that qualify for the credit, including a Ford plant making plug-in hybrids in Louisville, Ky., and a General Motors battery plant in Ohio, according to a study from Atlas Public Policy, a research firm. Near Savannah, Ga., Hyundai invested in a $7.5 billion factory …

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A Toxic Pit Could Be a Gold Mine for Rare-Earth Elements

A Toxic Pit Could Be a Gold Mine for Rare-Earth Elements

There’s a tale told about a miner who found copper cans in his garbage dump in the early days of mining. Wastewater from copper mining had flowed through his land, he said, and turned steel cans into copper. The story might be apocryphal, but the process is real, and it’s called cementation. Montana Resources, the mining company that took over …

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Trump’s China Deal Frees Up Shipping. Will Goods Pour Into the U.S.?

Trump’s China Deal Frees Up Shipping. Will Goods Pour Into the U.S.?

For weeks, Jay Foreman, a toy company executive, froze all shipments from China, leaving Care Bears and Tonka trucks piled up at Chinese factories, to avoid paying President Trump’s crippling 145 percent tariff. But as soon as his phone lit up at 4 a.m. on Monday alerting him that Mr. Trump was lowering tariffs on Chinese imports for 90 days, …

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Can President Trump Turn Back the Economic Clock?

Can President Trump Turn Back the Economic Clock?

Amsterdam prospered as a banking center even as it declined as a center of manufacturing and commerce. By the late 18th century, Europe no longer wanted Dutch fabrics or Dutch fish, and it no longer needed Dutch ships. In 1783, a group of Dutch merchants sent a gift of salted herring to George Washington, requesting his endorsement and, presumably, seeking …

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India Sees a Future Making Solar Panels for Itself, and Maybe the World

India Sees a Future Making Solar Panels for Itself, and Maybe the World

China, the world’s clean-energy juggernaut, faces a rival right next door. And one of its top customers, no less. India, a big buyer of Chinese solar panels and electric vehicle batteries, is using a raft of government incentives to make more green gear at home. It is driven not just by the need to satisfy the galloping energy demands of …

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Trump Signs Executive Order Walking Back Some Auto Tariffs

Trump Signs Executive Order Walking Back Some Auto Tariffs

President Trump signed an executive order on Tuesday that will walk back some tariffs for carmakers, administration officials said, removing some levies that Ford, General Motors and others have complained would backfire on U.S. manufacturing by raising the cost of production and squeezing their profits. The changes will modify Mr. Trump’s tariffs so that carmakers who pay a 25 percent …

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Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs

Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs

The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car parts to give automakers more time to relocate production to the United States. Tariffs of 25 percent on imported vehicles and on auto parts will remain in place. But the tariffs will be modified so that …

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Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business

Howard Lutnick, Trump’s ‘Buoyant’ Trade Warrior, Flexes His Power Over Global Business

Since Howard Lutnick was tapped to serve as President Trump’s commerce secretary, executives from some of the world’s largest companies have been trying to win him over. Leaders of Nvidia, Facebook, Taiwan Semiconductor Manufacturing Company and Alphabet have visited his newly purchased $25 million property in Washington — a 16,250-square-foot mansion that Mr. Lutnick, a billionaire, recently quipped would be …

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Trump’s Tariff Threat for Drug imports Poses Big Political Risks

Trump’s Tariff Threat for Drug imports Poses Big Political Risks

President Trump’s decision to move a step closer to imposing tariffs on imported medicines poses considerable political risk, because Americans could face higher prices and more shortages of critical drugs. The Trump administration filed a federal notice on Monday saying that it had begun an investigation into whether imports of medicines and pharmaceutical ingredients threaten America’s national security, an effort …

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Trump Signals Semiconductor Tariffs Are Coming ‘Very Soon’

Trump Signals Semiconductor Tariffs Are Coming ‘Very Soon’

President Trump is expected to announce further tariffs this week, probably including levies on semiconductors, as he moves forward with a trade investigation related to national security. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. The United States is heavily dependent on semiconductors from Taiwan and elsewhere …

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