President Trump has long wanted to rework world trade. The tariffs set to go into effect next week will carry out that plan.
Tag: Factories and Manufacturing
Why Trump’s Tariffs Are Closing Factories in Lesotho
The closure of a factory in the small southern African nation of Lesotho is an early effect of the global disruption caused by President Trump’s tariffs. John Eligon, the Johannesburg bureau chief for The New York Times, talks with Katrin Bennhold, a s…
How the Threat of Trump’s Highest Tariff Derailed an African Nation
The president backed off his call for a 50 percent tariff on Lesotho, imposing 15 percent instead. But in a country where most people live hand-to-mouth, the damage was already done.
Shunsaku Tamiya, Who Brought Perfection to Plastic Replica Models, Dies at 90
He turned his family’s lumber business into a manufacturer of model kits that won global popularity for their quality and historical accuracy.
How a Chinese Border Town Keeps Russia’s Economy Afloat
The flow of goods in Manzhouli, China’s main border crossing with Russia, underscores increasingly close ties between the two countries, complicating China’s relationship with Europe.
Ukraine Ups Its Arms Production, Asking Allies to Pay for It
There is a growing drive to make the country more self-reliant in weapons manufacturing as it faces Russia’s superior firepower. That requires a lot of money from Western backers.
Chinese Car Giants Rush Into Brazil With Dreams of Dominating a Continent
As the likes of Ford and Mercedes retreat, Great Wall Motor and BYD are building factories and bringing affordable EVs and hybrids to one of the world’s biggest markets.
China Puts New Restrictions on E.V. Battery Manufacturing Technology
Beijing will now require government licenses for any effort to transfer abroad the technologies crucial for producing inexpensive electric cars.
The French Seaside Factory Trying to Break China’s Chokehold on Rare Earths
The continent wants to reduce the risks of depending so heavily on China for the valuable minerals. The question is how.
Europe’s Dilemma: Build a Military Industry or Keep Relying on the U.S.
Europeans have agreed to pay more for arms and want to spend it at home. But can its manufacturers rush to compete with dominant U.S. firms?