President Trump has ramped up steel and aluminum tariffs to 50%, impacting both domestic producers and industries reliant on these metals. As costs rise, the ripple effects could lead to higher consumer prices and job losses in other sectors.
Explore the ongoing debate about the future of manufacturing in America and its potential to combat economic inequality. Can revitalizing this sector truly create jobs and improve local economies, or are there better solutions?
Asian shares saw a modest gain as investors eagerly await news on trade negotiations between Trump and Xi. Hong Kong stocks rebounded, while China shares fluctuated amid mixed manufacturing signals.
The U.S. manufacturing sector contracted for the third straight month in May, raising concerns among industry leaders. New orders, production, and employment continue to decline, while prices for raw materials are on the rise, creating a challenging environment for manufacturers.
President Trump visits Pennsylvania to announce a monumental $14 billion partnership between U.S. Steel and Nippon Steel. This investment is set to create 70,000 American jobs and bolster U.S. manufacturing across various industries.
China's manufacturing sector has seen a second consecutive month of contraction as the official PMI indicates ongoing economic struggles. Expectations for new stimulus are rising amid trade tensions with the U.S.
Apple shares plunged 3% after President Trump threatened a 25% tariff unless iPhones are made in the U.S. Discover the implications for investors and key price levels to watch.
In a surprising twist, President Trump has agreed to postpone a 50% tariff on European Union imports until July 9, following a productive call with EU Commission President Ursula von der Leyen. This move comes amid ongoing trade tensions and raises questions about future negotiations.
President Trump's recent threat to impose a 50% tariff on the EU raises questions about U.S.-European relations. After delaying the tariffs to July 9 and calling it a 'recommendation,' how will markets react? Analysts suggest these tariffs may backfire on American manufacturers.
In a shocking turn, President Trump endorses Nippon's $15 billion bid for U.S. Steel, contradicting his earlier stance and igniting concerns over American jobs and national security. The United Steelworkers union reacts strongly, calling it a betrayal.
