Hanwha Shipping’s expansion comes after the U.S. Trade Representative unveiled a proposal that would impose fees on Chinese-built vessels at U.S. ports.
Senator Elizabeth Warren highlighted fears that the "chaotic approach" to trade could enable corporations to increase prices "regardless of whether goods are actually subject to tariffs."
The manufacturer detailed how its new auxiliary EV battery doesn't require the use of graphite for its poles, allowing 60% more electricity to flow through each cubic inch.
The unit makes products including industrial and collaborative robots used in the food and automotive industries as well as autonomous mobile robots that maneuver merchandise in logistics centers.
Trump’s 25% tariffs on imported cars and parts, along with Canada’s retaliatory duties, have forced Mazda and other foreign brands to balance short-term relief with long-term consequences.
Under the measures, Chinese ship owners and operators will initially be charged $50 per ton of cargo, rising by $30 a ton each year for the next three years.
Both retailers have also dramatically pulled back on their social media advertising in the U.S. on Facebook, Instagram and TikTok among other platforms.
U.S. imports fell by 64% between March 31 and April 8, while U.S. exports dipped by 30%, driven in large part by the fallout from sweeping tariffs announced by Trump.