Nippon Steel’s China assets could derail United States Steel deal
Nippon Steel has nine facilities in China among its global production base, according to its 2023 integrated report to shareholders. The company added the facilities to its asset portfolio between…
Los Angeles Port Head Says Chinese Cranes Pose Security Risk
The head of the busiest US maritime gateway said Chinese-made cranes pose a potential risk to national security, but a shortage of other countries that build the giant container-moving machines…
Washington apple exports to India rebound following tariff removal
“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…
Silicon Valley Venture Capitalists Are Breaking Up With China
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…
US Needs More Chips Funding as AI Fuels Demand, Raimondo Says
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…
Mexico Replaces China For Imports. What’s Happening?
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…
Hearing Looks At Implementing Buy America Provisions
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…
Ford Sees ‘Colossal’ Competitive Threat in Low-Cost Chinese EVS
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…
Elon Musk’s Big Tesla Factory in Mexico Taps Chinese Suppliers, Stoking DC Fears
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…