For all his bluster about trade wars, President Trump seems willing to push China only so far: Witness the deal last week to grant Chinese telecom giant ZTE a reprieve from harsh American penalties. The reason is likely to lead straight to Iowa soybean and corn farmers like Benjamin Schmidt.
Behind the daily skirmishes over tariffs, the U.S. and China are gearing up for a longer-term battle between two very different systems of innovation. To win, America may need to start using some of its rival’s weapons.
President Donald Trump’s tariff on imported solar panels has led U.S. renewable energy companies to cancel or freeze investments of more than $2.5bn in large installation projects, along with thousands of jobs, the developers told Reuters.
The CEO of Taiwan’s Foxconn, which assembles Apple iPhones and other products for tech companies, said Wednesday that Washington’s dispute with China is over technology rather than trade.
Mexico will import more pork products from Europe after imposing a 20 percent tariff on U.S. pork legs and shoulders in retaliation to steel tariffs, Economy Minister Ildefonso Guajardo said on Tuesday.
Aircraft parts manufacturers got a rude welcome back to work Monday with the announcement that Boeing is going into business with France’s Safran to make auxiliary power units. It’s one of the more surprising developments yet in Boeing’s drive to shake up its supply chain, which has featured heavy pressure on suppliers to reduce costs, as well as moves to in-source production of such disparate elements as seats, wings and avionics components.