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