“Apples are the pride of the Washington agricultural economy. They are known worldwide,” said Cantwell. “Today is a celebration because for five years now, we have not seen the volume of apples leaving these docks and traveling … Read More
In Washington, actions to limit investing in China have piled up. President Biden signed an executive order last year restricting investments from U.S. firms in Chinese start-ups working on artificial intelligence, quantum computing and semiconductors. … Read More
Commerce Secretary Gina Raimondo said that the US will need continued investments in semiconductor manufacturing to regain global leadership and meet demand from artificial intelligence technologies. “I suspect there will have to be — whether you call … Read More
Chinese automotive companies are seeking high-quality locations near the border. Jorge Luis Baca, regional director for Querétaro at American Industries Group, noted that since the last quarter of 2022, half of the Chinese companies surveyed … Read More
Buy America provisions provide companies like Nucor confidence to invest in the future, because the company knows that dollars spent on infrastructure projects support American products. Such confidence has allowed Nucor to invest $12 billion … Read More
Ford Motor Co. sees low-cost Chinese electric vehicles as a “colossal strategic threat” that will ultimately arrive on US shores. China’s BYD Co. recently surpassed Tesla as the world’s largest EV maker, with low-priced models such as its $11,000 Seagull. … Read More
The value of Chinese auto parts made in Mexico and exported to the US reached $1.1 billion in 2023, up 15% over the previous year. Last year, there were 33 Chinese auto-parts makers registered in … Read More
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
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
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
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
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
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
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
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
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
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
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
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
“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
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
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
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
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