US Manufacturing

President Donald Trump has signed a proclamation amending the Section 232 national security tariffs on certain aluminum, steel, and copper imports, thereby reducing some tariffs and introducing new categories. The proclamation lowers tariffs on some steel and aluminum derivative products...

In the face of the ongoing Iran war, which has disrupted over a fifth of the global energy supply, the U.S. economy has demonstrated remarkable resilience, according to an economist. Eswar Prasad, a senior professor of trade policy and economics at Cornell University attributed this resilience to...

In a closed-door meeting, over 100 top business leaders, including CEOs from Fortune 500 companies, have unanimously voiced their concerns about the economic impact of President Donald Trump‘s policies. CEOs Raise Concerns Over Tariffs, Economic Fallout The CEOs have expressed their...

The Trump Organization’s flagship phone, T1 Phone 8002, previously advertised as “Made in the USA,” has seen its promotional language mysteriously altered, raising questions about its true origin. What Happened: The Trump Mobile website has recently removed all references...

A Texas-based experiment reveals that U.S. consumers are not favoring domestically produced showerheads, despite the imposition of tariffs on Asian imports. What Happened: Ramon van Meer, a marketer of showerheads, conducted an online experiment to understand consumer preference between ‘Made...

A survey has indicated that the tariffs imposed by President Donald Trump‘s administration may not lead to a resurgence in U.S. manufacturing. What Happened: A new supply chain survey suggested that the U.S. manufacturing sector is unlikely to be the primary beneficiary of China losing some...

Nio, Inc. (NYSE: NIO) is reportedly planning to build its vehicles in the U.S., the CnEVPost reported, citing an exclusive report from Shanghai-based Chinese media outlet Yicai. Nio is looking out to recruit personnel for several manufacturing positions in the U.S. and build a plant in the country...

General Motors Co (NYSE: GM) CEO Mary Barra is confident the legacy automaker can catch up with the current electric vehicle leader and market disruptor Tesla Inc (NASDAQ: TSLA) by 2025. What Happened: Barra told CNBC that the automaker can "absolutely" catch up with Tesla in U.S. sales...

Ford Motor Co (NYSE: F) CEO Jim Farley said he believes automakers need to plow through challenges to make electric vehicles affordable for the average buyer, The Detroit News reported on Saturday, citing a live-streamed Detroit Homecoming VIII interview. What Happened: Farley noted key issues like...

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk on Sunday hit out against Ford Motor Co (NYSE: F) for making its battery-powered Mustang Mach-E models in Mexico rather than the United States. What Happened: Musk’s bone of contention was related to a tweet from Whole Mars Blog that pointed out how...

Amazon.com Inc (NASDAQ: AMZN) and Ford Motor Co (NYSE: F)-backed electric vehicle maker Rivian is scouting locations to build a second manufacturing plant in the United States and said it has closed a $2.5 billion funding round, led by existing investors. What Happened: Rivian currently...

Hyundai Motor Group, the South Korean multinational conglomerate which owns Hyundai Motor Co (OTC: HYMTF) and its sister concern Kia Motors, said on Thursday it will invest $7.4 billion by 2025 to make electric vehicles, upgrade production facilities, and further fund smart mobility solutions in...

General Motors Co (NYSE: GM) and Ford Motor Co (NYSE: F) said on Thursday they will temporarily shut down more North American factories as the ongoing semiconductor chip shortage, which has been hitting production for automakers all over from Detroit to Tokyo, worsens, The Washington Post reports....