Trump’s tariffs on imported goods have given Canadian and Mexican chocolate makers a delicious advantage over their US competitors, Reuters reports, as soaring costs leave American producers struggling to keep up in the global market
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U.S. firms are dramatically ramping up imports of rare-earth magnets from China, with shipments skyrocketing 660% as supply chain worries mount and demand for these vital materials in technology and defense soars
Finance Minister Carney has launched a dynamic new aid package aimed at strengthening Canada’s steel industry and safeguarding workers affected by the U.S. tariffs imposed during the Trump administration, emphasizing steel as the essential backbone of our economy
Japan’s car industry has just soared to a five-year peak in robot installations, supercharging automation to conquer soaring demand and supply chain challenges, reports AI Insider. This milestone marks an exciting leap forward in manufacturing innovation
German industrial output surged an impressive 1.2% in May, surpassing analyst predictions, Reuters reports. This unexpected boost showcases the remarkable resilience of Germany’s manufacturing sector despite persistent global economic headwinds
Berlin is set to unleash a massive €4 billion in subsidies aimed at supercharging Germany’s heavy industry. This bold initiative is designed to fuel economic growth and protect jobs, positioning the sector to thrive amid rising global challenges, reports the Financial Times
India is embarking on a bold mission to break China’s dominance in rare earth magnets. By aggressively boosting domestic production and strengthening supply chains, the government aims to reduce reliance and supercharge its technology and defense sectors
China’s fierce electric vehicle battle is challenging Thailand’s ambitious local production targets, as manufacturers sprint to seize a share of Southeast Asia’s booming EV market
Foxconn has withdrawn its Chinese workforce from its India operations, disrupting Apple’s production plans amid escalating geopolitical tensions and mounting supply chain challenges, Bloomberg reports
China’s latest PMI data paints a vivid picture of a manufacturing sector grappling with persistent challenges. Sluggish domestic demand and escalating global trade pressures are fueling this ongoing slowdown, the Wall Street Journal reports
The Trump Organization has removed the “Made in the USA” label from its gold T1 smartphone, CNBC reports. This move marks a shift in branding strategy amid growing curiosity and speculation about the true origin of the device
Trump’s envoy to China raises a red flag on growing dangers in foreign supply chains, calling for a bold strategic overhaul to reduce reliance. This urgent warning highlights escalating economic tensions in an increasingly unpredictable global trade environment
As global supply chains strain to keep up, companies are racing to export goods from China, propelled by soaring demand and intricate logistical hurdles. CNN explores the challenges and groundbreaking strategies powering this crucial flow of commerce
China’s tightened grip on rare earth magnets has sent shockwaves through India’s auto industry, igniting urgent appeals to the government for support in securing these crucial components amid soaring EV demand
China’s factory activity stumbled in May, weighed down by rising US tariffs. This downturn underscores growing hurdles for the manufacturing sector amid ongoing trade tensions, Reuters reports
Brazil has launched a ₹300 crore lawsuit against China’s BYD, accusing the company of imposing “slave-like” working conditions on its employees. This bold legal move shines a spotlight on mounting concerns over labor rights in global business practices
International Paper has revealed plans to shut down five packaging sites across the UK, driven by tough market conditions and rising operational costs. This decision affects multiple locations and marks a significant turning point for the regional packaging industry
In a bold move to safeguard its domestic steel industry, Brazil has reintroduced tariffs and quotas on steel products. This strategic decision comes in response to the ever-changing global market landscape, aiming to empower local manufacturers. As trade tensions simmer and challenges persist within the sector, Brazil is taking decisive steps to ensure its steel industry remains resilient and competitive.
Spain’s steel production has experienced an impressive surge of 6.1% year-on-year in the first four months of the year, as revealed by data from GMK Center. This remarkable increase highlights a vibrant recovery within the sector, showcasing not only a rebound in industry but also signaling broader economic growth and escalating demand.
CNBC’s “Inside India” newsletter delves into the intriguing dynamics of the Make-in-India initiative. It reveals that although U.S. tariffs on China could open doors for India, a host of structural challenges and fierce competition from other countries might stand in the way of assured success.