Trump taps ex-aide Peter Navarro for senior counselor on trade and manufacturing
President-elect Donald Trump on Wednesday named imprisoned former aide Peter Navarro as senior trade and manufacturing adviser in the incoming White House, a staunch ally who will help implement his sweeping tariff plans. Navarro served as a trade advisor in the White House during President Trump's first term. As a result, Navarro was ultimately sentenced […]
US issues new restrictions on chip manufacturing exports to China
The Biden administration on Monday imposed new restrictions on exports of certain semiconductor chips and equipment to China, marking the Biden administration's latest crackdown to curb competitive advances in the country's semiconductor manufacturing. New export controls put more than 100 Chinese chip-making tool makers on a restricted trade list, prohibiting U.S. companies from sending equipment […]
Israel destroys Hezbollah’s ‘largest precision-guided missiles manufacturing site’ as group vows to ‘fight’
The Israeli military announced it had destroyed Hezbollah's “largest precision-guided missile production facility” as parliamentarians vowed the terrorist group would “fight and resist” any attack on Lebanon. The announcement from the Israel Defense Forces came as the two countries signed a cease-fire agreement, which entered its third day on Friday. The 60-day first phase of […]
Manufacturing sector sheds 78K jobs in last three months
Michigan Senate Republican candidate Mike Rogers expressed confidence that Trump and Congressional Republicans will win a majority in the election and detailed his priorities for protecting Detroit's auto industry. of manufacturing industry Job cuts continued in October, with 78,000 jobs lost in the past three months. The Department of Labor's Bureau of Labor Statistics announced […]
CNN fact-checker says Walz’s claim on Trump economy ‘not true,’ says manufacturing jobs rose under him
CNN fact checker Daniel Dale corrects Democratic vice presidential candidate and Minnesota Governor Tim Walz's claims about the Trump-era economy, saying some numbers are taken out of context. He expressed an important opinion. “Let's talk about manufacturing,” anchor Kate Bolduan told Dale on “CNN News Central” Tuesday. “Rebuilding manufacturing in the United States is the […]
Leading Economic Index Declines, Driven By Manufacturing and Housing Weakness
The leading U.S. economic index fell 0.5% in September, continuing a decline that could signal a slowdown in the coming months. The LEI, which predicts future economic activity, has fallen 2.6% over the past six months, with weak manufacturing orders and an inverted yield curve contributing to the decline. Economists had expected a decline of […]
JD Vance says Pennsylvanian can’t trust Harris to revive American manufacturing
Republican vice presidential candidate Sen. J.D. Vance (R-Ohio) speculated Thursday that Pennsylvania's trend toward red may be related to former President Donald Trump's tariff proposals. Voters in battleground states should not trust Vice President Harris' promises, he warned. Reviving American manufacturing. Speaking in Pittsburgh during the campaign, Vance said, referring to Trump's plan to impose […]
JD Vance Says Reshoring Manufacturing Is Good for Environment
Claim: Former President Donald Trump's running mate, Sen. J.D. Vance (R-Ohio), advocates reshoring American manufacturing because the United States leads the world in clean energy. said it would benefit the environment. Verdict: True. Studies regularly show that reshoring U.S. manufacturing actually reduces carbon emissions. “One of the things that our Democratic friends keep talking about […]
Harris Reveals Plans To Boost US Manufacturing, Compete Against China
Vice President Kamala Harris on Wednesday unveiled a comprehensive manufacturing plan aimed at making America more competitive with China. Speaking at the Economic Club of Pittsburgh, Harris detailed plans to increase investment in key sectors such as biomanufacturing, aerospace and emerging technologies like artificial intelligence and quantum computing. According to Harris stressed the importance of […]
Harris to outline manufacturing agenda in ‘major’ economic speech in Pittsburgh
Vice President Harris will outline her plans to boost American manufacturing in a “major” economy-focused speech on Wednesday, a campaign official said. The official did not provide details, but the new proposal is expected to be an effort to ensure the United States leads the world in manufacturing in the “industries of the future” and […]