Posts tagged tariff
Trump hails US Steel-Nippon deal, says steelmaker will be ‘controlled by the USA’ — but offers few details
June 1, 2025 // "I have to approve the final deal with Nippon and we haven't seen that final deal yet," Trump told reporters on the tarmac following the Pittsburgh event. "But they've made a very big commitment, and it's a very big investment." In his remarks at the rally, the president said U.S. Steel will maintain all of its current operating blast furnaces at full capacity for a minimum of 10 years.
A lot of US autoworkers like the idea of auto tariffs. But some are being laid off as a result
April 8, 2025 // “It’s more of the same from Stellantis, unfortunately,” he told CNN Thursday, the day the layoffs were announced. “Stellantis, which has had several months to prepare, announces it will use employees as collateral damage.” But the options for Stellantis are not good ones. If it assumes the cost of the tariffs on cars assembled in Canada and Mexico, vehicle production will become unprofitable. If it charges customers the full cost of the tariffs, it will probably price them out of the market. Alternatively, automakers could simply decide to no longer build those models.
Labor unions call on Trump to boost US shipbuilding against increasing Chinese dominance
February 20, 2025 // Last year under President Joe Biden, the unions filed a petition seeking to address China’s shipbuilding under Section 301 of the 1974 U.S. Trade Act, hoping to start a process by which tariffs and other measures could be enacted. The letter notes China manufactured more than 1,000 ocean-going vessels in 2023, while the United States made fewer than 10 ships. It adds that the Chinese shipbuilding industry received more than $100 billion in government support from 2010 to 2018, such that Chinese shipyards accounted for the majority of worldwide orders last year.
Top 10 trucking policies likely to be affected by Trump’s return
November 7, 2024 // Resetting standards for truck emissions and independent contracting expected to be on the agenda