How China Built BYD, Its Tesla Killer
BYD’s sales grew as the Chinese market soared. Warren E. Buffett bought a nearly 10 percent stake for $230 million in 2008, giving BYD not just a cash infusion but also global cachet. “They were … Read More
How The Year Of The Dragon Will Shape Multinationals’ Approach To China
The past eight or so years have seen the beginnings of a shift in the way the world does business with its largest national economy. Once the world’s factory and seemingly on a trajectory towards … Read More
Two Army Rangers made the bracelet Taylor Swift wore at AFC Championship game
A jewelry company owned by two former Army Rangers has seen its sales increase by 2,000% since Taylor Swift hugged her NFL boyfriend, Travis Kelce, wearing one of their diamond tennis bracelets. Swift hugged Kelce … Read More
US House panel renews push to punish trade fraud by Chinese companies, warning of ‘catastrophic impact’ on manufacturing
Last week, local media reported that the Department of Homeland Security executed a federal search warrant for Harco Manufacturing Group, a firm based in Moraine, Ohio that was acquired by Qingdao Sunsong in 2015. In … Read More
China Commission Says Western Support Has Advanced CCP Goals
Western capital markets, led by the U.S., and corporate outsourcing to give China the “dirty work” and the “low end” tech commodities trade has finally come to this: China is nearly on par with the … Read More
Sen. Pfaff, Wirch, Rep. McGuire, Snodgrass, Doyle: Introduce Buy American package
Today, Wisconsin legislators, led by Senator Brad Pfaff and Representative Tip McGuire, introduced legislation to ensure that the State of Wisconsin purchases goods that are made in America and in our state. “When we support … Read More
Trump pledges to block US Steel sale
Former President Donald Trump on Wednesday said he would block U.S. Steel’s planned sale to a Japanese company, the first time the GOP presidential candidate has weighed in on the controversial acquisition announced late last … Read More
This Land Is Your Land: China Still Buying U.S. Property
China has been buying up large amounts of land in the U.S. for years, but we’re not keeping track of it very well. A new report says the Government Accountability Office (GAO) found major holes … Read More
Raimondo Warns Chinese EVs Pose National, Data Security Risks
US Commerce Secretary Gina Raimondo warned that Chinese-made electric vehicles pose significant national security risks, as the Biden administration weighs additional tariffs on autos from the Asian country as well as a separate measure to protect Americans’ … Read More
Agricultural Equipment Manufacturer to Pay Civil Penalties and Stop Marketing Imported Parts as Made in USA
The Justice Department, together with the Federal Trade Commission (FTC), announced that Kubota North America Corp. (Kubota) has agreed to a settlement that requires it to pay a civil penalty and cease making misleading claims … Read More
Deterring Chinese Influence — Column
The growing influence of the Chinese Communist Party (CCP) across the globe and here at home has been a long-standing concern within Congress. China’s rapid economic growth and expanding global reach demand that we implement safeguards to … Read More
Metro East congresswoman calls for investment to keep Granite City Works open
U.S. Rep. Nikki Budzinski is urging United States Steel Corp. (NYSE: X) and Nippon Steel to consider using new federal grants to keep the Granite City mill open by making it more energy efficient through … Read More
One of nation’s only aluminum smelters set to close in Missouri Bootheel
“As we all saw during the COVID-19 pandemic, local and domestic supply lines are essential to keep our economy functioning normally,” Quade said. “Keeping this smelter open saves jobs and ensures Missouri serves an integral … Read More
Study Finds Over 90% Of All Generic Drugs Dependent On Imports
China now accounts for 95 percent of imports of ibuprofen, 91 percent of imports of hydrocortisone, 70 percent of imports of acetaminophen, and 40 to 45 percent of imports of penicillin. Most of the generic … Read More
These 5 Brands Still Make Tools In The USA
Buyer Beware: Two of these five companies are foreign-owned. Milwaukee Tools may have begun in Wisconsin, but it is now owned by Hong Kong-based (officially the Hong Kong Special Administrative Region of the People’s Republic of … Read More
DHS raids Chinese car parts maker’s U.S. headquarters
The letter cited Qingdao Sunsong’s public filings, which state the company’s products are subject to U.S. import tariffs of 25% imposed on certain goods made in China and that “in order to reduce tariff costs, … Read More
Where Textile Mills Thrived, Remnants Battle for Survival
Apparel makers in the Carolinas say trade policy must change because of a boom in tariff-free shipments to U.S. consumers from foreign manufacturers. The surviving companies are mostly family-run and privately held, consistently steering money … Read More
25 Toy Brands That Are Still Made in America
Trying to buy American-made can be frustrating in just about any store aisle, but it’s especially difficult when it comes to toys. According to CNN Money, almost 90 percent of toys sold in the U.S. … Read More
House Foreign Affairs Committee Considers More China Restrictions, This Time On Entire Sectors
A few years ago, American satellites were launched into space using China made rockets. “The insurance companies wanted better rocket technology for safety…so we gave that technology to them,” Sherman said. “Now they have better … Read More
US to Ban Pentagon Battery Purchases From China’s CATL, BYD
US lawmakers have banned the Defense Department from buying batteries produced by China’s biggest manufacturers, furthering efforts in Washington to decouple the Pentagon’s supply chain from its geopolitical rival. The rule implemented as part of … Read More
China Is Buying Up US Farmland, But How Much Isn’t Clear
Foreign ownership and investment in property such as farmland, pastures and forests jumped to about 40 million acres in 2021, up 40% from 2016, according to the US Department of Agriculture data. Outside ownership of … Read More
Manufacturing Associations Descend on Capitol Hill to Press for Renewal of Miscellaneous Tariff Bill
“The American Chemistry Council and our members support the renewal of the Miscellaneous Tariff Bill. The MTB would support advanced manufacturing in the United States and domestic chemical production used to make products in key agriculture … Read More
Inside Haribo’s first US production facility, where making the chewy, rainbow-colored confections is the opposite of child’s play
The Pleasant Prairie, Wisconsin plant opened in early 2023 and now pumps out 60 million Goldbears every day; the company plans to eventually launch Twin Snakes manufacturing lines as well. The facility—which is Haribo’s first … Read More
Flush With Investment, New U.S. Factories Face a Familiar Challenge
A flood of Chinese products could put new American investments in clean energy and high-tech factories at risk. That is drawing the attention of President Biden and his aides, who are considering new protectionist measures … Read More