President Biden’s efforts to bolster domestic manufacturing are coming under diplomatic fire from key allies, with European governments accusing his administration of undercutting the trans-Atlantic alliance with “Made in America” policies that threaten their economies. … Read More
The Coalition for a Prosperous America (CPA) today released an update to the Domestic Market Share Index (DMSI), a new indicator that measures the success of U.S. manufacturing producers in the U.S. home market. The … Read More
Returning this quarter is S&P Global Mobility’s findings that point to Tesla’s strength, which is a key takeaway for brands. GM is now second, followed by Hyundai, Ford and Toyota. “Your existing customers — that’s … Read More
American suppliers are beginning to withdraw staff from one of China’s leading chip companies in the wake of new U.S. regulations, a blow to Communist Party efforts to build a vibrant domestic technology industry. Applied … Read More
Denmark-based LEGO is buying U.S.-based Brainpop, which is a video-learning/education technology firm. Paul Nary, an assistant professor at the Wharton School of the University of Pennsylvania, expressed skepticism about the deal’s business sense. “I understand … Read More
In technology, the US again enjoys a virtual monopoly in Bharat. Almost all the hardware and software used in Bharat is of American origin. Hardware from Intel, HP, Dell… and software from Microsoft, Oracle etc. … Read More
“This strategic acquisition broadens our product offerings and expands our opportunities to service customers in the foodservice industry. We look forward to building on the success of this American-made brand.” “Hatco with its reputation for … Read More
Officials in Michigan have green-lighted $715 million worth of incentives for a $2.4 billion electric vehicle battery plant set to be established in the state. The plant will be opened by Gotion, a Chinese battery … Read More
South Korean billionaire Lee Hae-jin’s Naver, the country’s largest internet company by market capitalization, agreed to acquire American fashion e-commerce platform Poshmark for $1.2 billion, furthering the tech giant’s international expansion. Read the article.
Micron Technology Inc. said it plans to invest as much as $100 billion over the next 20 years to build a factory in upstate New York to boost US production of memory chips. The New … Read More
We all know that we can encourage buying American through our purchases of American products, but how can we encourage it beyond that? The answer? Tariffs on imports. Why? Because they not only make American-made … Read More
An audit has found that one of the main centralized procurement offices at the VA “did not always meet the intent and requirements of the Buy American Act”, blaming insufficient oversight and training. Read the … Read More
The US currently has more than 70 Asian American or Pacific Islander American owned banks, according to Investopedia. East West Bank leads the way, with Taiwan-based CTCB Bank being among the group. Far East National, … Read More
In compliance with a “Buy American” rule of its contract with Amtrak, manufacturer Alstom (a French rolling stock firm with a New York State plant) is using suppliers in 27 states to source the parts. … Read More
“U.S. industrial capacities are key to our economic and national security. Every dollar spent on American-made materials supports the U.S. economy at multiple levels,” Tim McKernan, facility manager at EJ USA in Schroeppel, added. “Buy … Read More
“One of the greatest threats to a strong U.S. transportation manufacturing sector is the rise of predatory Chinese state-owned and -supported enterprises (SOEs), which rely on government-subsidized, below-market pricing to drive legitimate competitors out of … Read More
Gov. Gavin Newsom on Tuesday signed SB 490, the bill from Sen. Anna Caballero that would require schools receiving federal funding for prepared meals to purchase domestically produced food products. Beginning in 2024, SB 490 … Read More
The Smithfield, Virginia company is a unit of Hong Kong-listed WH Group ltd, which calls itself the world’s largest pork company. Several companies have faced lawsuits in Minneapolis and Chicago also accusing them of inflating … Read More
Ever since American manufacturing entered a long stretch of automation and outsourcing in the late 1970s, every recession has led to the loss of factory jobs that never returned. But the recovery from the pandemic … Read More
BYD is a China-based EV automobile company and stands for “Build Your Dreams.” The “dream” of this Chinese company to enter the U.S. market should never become a reality. Unfortunately, famous U.S. investor Warren Buffet … Read More
U.S. Senators Rob Portman (R-OH), Ranking Member on the Senate Homeland Security and Governmental Affairs Committee, and Tammy Baldwin (D-WI) have introduced the bipartisan Invent Here, Make Here for Homeland Security Act to better ensure products invented … Read More
China’s jet fighter force may have already caught up with the quality and quantity of the US, prompting new urgent calls in Washington to build up and modernize the US fighter fleet. US Air Combat … Read More
After two days of being grilled by the House and Senate, executives of the biggest banks in the country really opened up most during a long House Financial Services Committee hearing this week when asked … Read More
Ford Motor Co. has officially broken ground on BlueOval City, the $5.6 billion electric-vehicle assembly, battery production and supplier campus the automaker is building in West Tennessee with a joint-venture partner. Just under a year … Read More