Tag: trade

March 30, 2017

Steel industry leaders tell Congress we must stay vigilant against unfairly traded imports. Steel executives, union leaders and manufacturing experts told Members of Congress on Wednesday that America’s steel industry remains at risk because of unfair foreign imports, noting that a further […]

March 17, 2017

French authorities joined the U.K. in a corruption probe of Airbus Group SE (IW 1000/44) centered on allegations of fraudulent practices related to selling planes and arranging aircraft financing. The probe by the Parquet National Financier follows steps by the […]

March 16, 2017

President Trump has already met with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto about his plans to re-negotiate NAFTA, which he often called “the worst trade deal in the history of this country” on the campaign […]

March 9, 2017

Everybody’s talking about the trade deficit this week. Well, come sit by us, everybody! In case you missed it, new trade figures released on Tuesday showed that the goods and services deficit rose to $48.5 billion in January, a 9.6 […]

March 7, 2017

Slow and methodical. That’s how Zachary Barry characterizes Aladdin Light Lift Inc.’s approach toward exporting. The Huntsville, Ala., company manufactures electronic motor and wench systems designed to raise and lower chandeliers and decorative lighting. Like many small manufacturers, Aladdin couldn’t […]

March 7, 2017

ExxonMobil will invest $20 billion at 11 new and existing sites in the next 10 years to expand its manufacturing and export capacity along the Gulf of Mexico, the company announced March 6. The expansion program, which ExxonMobil is calling […]

March 3, 2017

The Alliance for American Manufacturing (AAM) joined with nine leading organizations representing the iron and steel industry on Thursday to send a letter to President Trump to express “absolute and unqualified support” for strong Buy America preferences. The foundation of […]

March 2, 2017

By targeting the U.S., the WTO is making it harder for us to defend against unfair trade. If you’ve been following the trade debate over the past week — and really, who hasn’t! — then you’ve likely seen the Trump […]

March 2, 2017

Whatever confusion people might have about President Trump’s agenda, his position on trade and manufacturing is crystal clear. “I believe strongly in free trade, but it also has to be fair trade,” he said in his address to Congress Tuesday […]

February 24, 2017

The chieftains of U.S. manufacturing pressed their case to President Donald Trump Thursday that imposing taxes on imports would lead to higher employment. He got their message loud and clear. Just after meeting with the CEOs of Dow Chemical Co., […]

February 17, 2017

Strengthening trade enforcement is key to strengthening American manufacturing. Washington Mills, a maker of abrasive and fused minerals used by a wide range of industries, had to reduce its prices to “unprofitable levels.” Verso Corporation, which makes a variety of […]

February 15, 2017

Trade pressure and faltering U.S. competitiveness, not automation was the main reason the U.S. lost 5.7 million manufacturing jobs between 2000 and 2010, according to a new report from the Information Technology and Innovation Foundation (ITIF). “We keep hearing from […]

February 3, 2017

Delphi Automotive said that if it brings any manufacturing to the U.S. from Mexico, it is likely to be automated work, which has fewer jobs attached to it. Joe Massaro, Delphi chief financial officer, said that 90 percent of the […]

February 1, 2017

Around three-fourths of the jobs lost were in manufacturing. We already know that millions of American manufacturing workers lost their jobs after China entered the World Trade Organization in 2001. Now, a new report from the Economic Policy Institute (EPI) […]

January 30, 2017

For many companies, the 2008-09 recession was a time to scale back. But for Michael Araten, CEO and president of the toy company K’Nex Industries, it was a time to rethink and regroup. K’Nex, which makes Tinkertoys and Lincoln Logs […]

January 27, 2017

Automakers and parts manufacturers on both sides of the Canada-U.S. border are meeting state and provincial governments to co-ordinate a response to President Donald Trump as he pushes far-reaching changes to a trade deal that’s crucial to the industry, the […]

January 6, 2017

On the surface, Ford Motor Co.’s decision to scrap a $1.6 billion Mexican plant and invest $700 million in Michigan is a public relations victory. It makes peace with the incoming Trump administration that repeatedly berated Ford on the campaign […]

December 13, 2016

U.S. bilateral trade with China and Mexico, particularly the growing deficits the U.S. carries with the two nations, generally drives the conversation about U.S. manufacturing trade. With the latest report on U.S. international trade in goods and services, from the […]

November 29, 2016

The president-elect has been announcing negotiations on Twitter. It’s the Monday after Thanksgiving. Yours truly ate approximately 400 turkey sandwiches in the last 72 hours. When I wasn’t wolfing down some bird, I was reading about how President-elect Donald Trump […]

November 28, 2016

President-elect Donald Trump’s critical stance toward free trade could affect Fiat Chrysler Automobiles NV’s business in North America, according to the Italian automaker’s chief executive officer Sergio Marchionne. Trump’s election “certainly is a game changer, mainly because I think that […]