AMERICAN FACTORIES
For American brands worried about China, Is India the future? The surge of multinational brands in India's manufacturing sector signals a shift towards diversification and job creation. Companies like Shree Krishna are fulfilling substantial orders for global retailers, highlighting India's growing importance ...
01 Jul, 2024, 09.48 AM ISTUS automobile industry threatened by prospects of Chinese EVs entering the country through the Mexican border The US automobile industry has been threatened by the prospects of low-cost Chinese Electric Vehicles (EVs) reaching the country through the Mexican border. The US-Mexico-Canada trade agreement provides for free movement of goods and services betwee...
28 Jun, 2024, 03.51 AM ISTIn China's backyard, America has become a humbler superpower Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for th...
19 Jun, 2024, 10.46 AM IST- ADVERTISEMENT
China’s $8.5 billion in steel spurs Latin America toward tariffs Mexico, Chile, and Brazil have increased duties on steel products from China. In some cases, the duties have more than doubled over the past few weeks. Colombia may also be planning to do the same.
22 May, 2024, 10.11 AM ISTBiden's China tariffs are the end of an era for cheap Chinese goods Biden's decision this past week to codify and escalate tariffs imposed by Trump made clear that the United States has closed out a decades-long era that embraced trade with China and prized the gains of lower-cost products over the loss of geographi...
18 May, 2024, 01.53 PM ISTFew Chinese electric cars are sold in U.S., but industry fears a flood American automakers expressed their approval of the Biden administration's decision on Tuesday to levy a 100% tariff on electric vehicles imported from China. They stated that these vehicles could undercut billions of dollars of investments made in ...
16 May, 2024, 09.58 AM ISTUS efforts to reshape global supply chains gather pace in Asia President Joe Biden's tariff hikes on Chinese imports are reshaping Asian trade routes, with Taiwan's exports to the US surging over 80% in April.
16 May, 2024, 09.44 AM ISTSmall, well-built Chinese EV called the Seagull poses a big threat to the US auto industry The Seagull, a low-priced electric car by BYD, poses a threat to American automakers. Chinese EVs face tariffs in the U.S., prompting concerns about the impact on the auto industry and the need for adaptation and competition.
13 May, 2024, 12.23 PM ISTChina’s factory glut alarms the world but there’s no quick fix Complaints about China's factory overcapacity are growing, but Beijing is hesitant to make changes that could harm its fragile economy. The EU criticized China for overproduction, urging action in the short term. China announced plans to slow expans...
09 May, 2024, 09.47 AM ISTMS Dhoni-backed EMotorad’s e-cycle gigafactory almost ready The e-cycle maker's gigafactory is being built in four phases. It will manufacture a range of components including batteries, motors, displays and chargers. The 2,40,000-sq.ft. facility is scheduled to be inaugurated on August 15. The factory, which...
07 May, 2024, 12.11 PM ISTMicron set to get $6.1 billion in chip grants from US The award, which is not yet finalised, will fund chipmaking facilities in New York and Idaho from the CHIPS & Science law, the senator said in a statement.
18 Apr, 2024, 08.06 PM ISTUS-China tariffs: After issuing factory capacity warning to China, Yellen faces tariff decisions U.S. Treasury Secretary Janet Yellen delivered a firm message to China on overinvestment in clean energy goods during her visit to Guangzhou and Beijing. She faces the tough decision of recommending increased U.S. tariffs on Chinese electric vehicle...
10 Apr, 2024, 05.16 PM ISTMost new US cars to be EV or hybrids by 2032 Nearly three years in the making, the new tailpipe pollution limits from the Environmental Protection Agency would transform the American automobile market. A record 1.2 million electric vehicles rolled off dealers' lots last year, but they made up ...
20 Mar, 2024, 11.42 PM ISTChina's exports are surging. Get ready for the global backlash The world's appetite for its goods is welcomed by China, which is enduring a severe downturn in what had been the economy's biggest driver of growth: building and outfitting apartments.
12 Mar, 2024, 09.47 AM ISTRupee rises 4 paise to 82.87 against US dollar in early trade At the interbank foreign exchange, the domestic currency opened at 82.86 and slipped further to trade at 82.87 against the greenback, registering a gain of 4 paise from its previous close.
04 Mar, 2024, 11.37 AM ISTRobot invasion hit a bump in 2023 as North American economy cooled Companies bought 31,159 robots in 2023, a decrease of 30% over the year before, the largest drop in percentage terms since 2006 and largest drop ever in net units, according to the group, known as A3. The pullback occurred in automotive-related indu...
12 Feb, 2024, 05.10 PM ISTIndia’s true manufacturing rival is not China, it's someone else India needs to shift its focus from the domestic market and become regionally competitive and export-driven if it wants to build a robust computer and electronics manufacturing industry. Vietnam, not China, is its biggest rival in this regard. The U...
08 Feb, 2024, 09.01 AM ISTAirlines learn patience in constrained Airbus-Boeing duopoly Besides questions about quality control following the Alaska Airlines incident on the 737 MAX 9, Boeing has yet to receive certification on the 737 MAX 7 and the 737 MAX 10 -- the smallest and largest versions of the single-aisle model. Given the un...
04 Feb, 2024, 10.29 AM ISTFlush with funds, US factories stare at China challenge The Biden administration invests $2 trillion in US factories and infrastructure to strengthen American industry and combat climate change. However, low-priced products from China pose a threat, leading President Biden and his aides to consider prote...
16 Jan, 2024, 12.30 AM ISTIndia's top solar panel maker Waaree to invest $1 billion in Texas factory The announcement is the latest major corporate commitment to solar manufacturing since passage of U.S. President Joe Biden's landmark climate change law last year which offers subsidies and tax breaks for clean energy projects.
21 Dec, 2023, 03.57 PM IST