Apple's CEO, Tim Cook, recently announced that the company would start importing iPhones made in India to satisfy most of the demand in the United States. This decision did not sit well with U. S. President Donald Trump. He expressed his displeasure during a business gathering in Doha. Trump mentioned a conversation he had with Cook, urging him to halt iPhone product...
The aerospace industry is bracing for a financial storm. Two major players, RTX and GE Aerospace, are expecting a significant financial blow due to tariffs on imported goods and materials. This is not just about numbers; it's about the ripple effect on the global supply chain and the prices consumers might face. RTX, a key player in defense and commercial aerosp...
The U. S. government has been using tariffs to level the playing field for American manufacturers. This move has sparked a mix of hope and worry among small business owners. Some see it as a chance to boost local production and jobs. Others worry about the economic fallout and the uncertainty it brings. Drew Greenblatt, who runs Marlin Steel Wire Products, is al...
The global economy is currently in a state of upheaval, largely due to the trade disputes initiated by the US. The president has been using tariffs, which are essentially taxes on imported goods, as a tool to address what he perceives as unfair trading practices by other countries. The primary goal is to boost US manufacturing by making foreign products more expensiv...
The apparel industry in the United States has seen significant changes over the past few decades. In the early 2000s, many American companies moved their manufacturing overseas. This shift happened because of trade agreements like NAFTA and China's most-favored-nation status. These changes made labor cheaper, which drove down consumer prices. However, this also led t...
A major South Korean automaker is set to reveal a substantial financial commitment to the United States. This move is part of a broader trend of foreign companies investing heavily in American manufacturing. The focus is on creating jobs and boosting the economy. The announcement will take place at the White House, involving key figures from both the government and t...
The aerospace industry is a major player in U. S. manufacturing. It creates high-paying jobs and has consistently generated a significant trade surplus. Boeing, a leading company in this sector, is known for exporting billions of dollars worth of goods annually. However, President Trump's tariff policies could potentially harm Boeing and its suppliers. Trump has alr...
The electric vehicle giant, Tesla, has raised concerns about the potential backlash from other countries due to recent tariffs imposed by President Trump. The company highlighted that U. S. exporters are particularly vulnerable when other nations respond to American trade actions. This is not the first time the U. S. has faced such reactions. In the past, countrie...
The United States is set to impose hefty tariffs on steel and aluminum imports. This move, led by the president, aims to protect domestic metal producers. The tariffs, set at 25% for steel and aluminum, could significantly impact American companies that rely on these metals. Automakers, construction firms, and beverage makers are among those who will feel the pinch. ...
Apple is making a huge move in the United States. They are planning to invest a massive $500 billion over the next four years. This investment is not just about money; it's about creating jobs and boosting innovation. Apple aims to hire 20, 000 new workers, focusing on research and development. This move is part of a broader strategy to strengthen American manufactur...