Since President Trump announced his wave of globe-spanning tariffs, Alex Tang has held morning pep talks with the dozen or so workers at his lathe-making factory in central Taiwan, preparing them for rocky times ahead. His business, like all of…
Tag: Factories and Manufacturing
How Trump’s Auto Tariffs Are Landing in an English Car Making Town
Solihull, a market town in England’s West Midlands, is home to one of Britain’s largest car factories, run by the luxury carmaker Jaguar Land Rover. The factory, a collection of low-slung gray buildings spread over 300 acres, does not tower…
Canada Will Use Its Retaliatory Tariff Earnings to Aid Workers and Businesses
The 25 percent tariff Canada began collecting on cars and trucks imported from the United States early Wednesday is not just the country’s latest act of retaliation against tariffs imposed by President Trump on Canadian exports. The estimated 8 billion…
Global Leaders Rush to Woo Trump, Hoping to Sway Him on Tariffs
President Trump’s plan to impose sweeping tariffs on most of America’s trading partners has governments across the globe racing to schedule phone calls, send delegations to Washington and offer up proposals to lower their import taxes in order to escape…
Why Did Trump Impose Tariffs, and What’s Next? Everything to Know.
President Trump announced what could be one of the most dramatic economic policy changes in decades on Wednesday, when he substituted America’s longstanding system of taxing imports with a new tariff system of his own devising. The president said the…
Rattled by Trump, America’s Allies Shift to Defense Mode
President Trump’s unexpected plan to impose a 25 percent tariff on cars and car parts being imported into the United States will not only disrupt supply chains. It will also fuel anger, alienation — and pressure to retaliate — among…
Can Europe’s New Military Spending Help Its Economies?
From Brussels to Berlin, leaders across Europe are getting ready to spend hundreds of billions to rebuild their armies. The spending, they say, is necessary to prepare Europe for the dangers of a world where the United States no longer…
Swedish Battery Maker Northvolt Collapses, a Blow to Europe
Northvolt, Europe’s biggest hope for producing batteries in the region to power the transition to electric vehicles, will be split up and sold after it filed for bankruptcy on Wednesday in its home country, Sweden. The company, which just a…
Sweeping Tariffs Threaten to Undo a 30-Year Trade Alliance
When the United States signed a free-trade agreement with Canada and Mexico more than 30 years ago, the premise was that partnering with two other thriving economies would also benefit America. This week, President Trump abruptly scrapped that idea. He…
Trump’s E.P.A. to Rewrite Rules Aimed at Averting Chemical Disasters
The Trump administration has moved to rewrite rules designed to prevent disasters at thousands of chemical facilities across the country. The Environmental Protection Agency filed a motion in federal court on Thursday pulling back the safety regulations, introduced last year…