Factory Construction Is Booming, But Manufacturing Production May Be Shrinking
The U.S. Manufacturing Conundrum: Growth or Contraction? Is U.S. manufacturing expanding or contracting? It depends on who you ask. The most widely watched study U.S. factories saw declines in JuneThe Institute for Supply Management’s (ISM) manufacturing purchasing managers’ index fell to 48.5% in June from 48.7% the previous month. this is ISM Index falls for […]
White House says Trump’s tariffs will destroy manufacturing, exacerbate inflation
First appeared on FOX: The White House has criticized Republican lawmakers for their support of “MAGAnomics” and former President Donald Trump’s “overall tariff” plans, which the White House argues will raise prices for families and exacerbate inflation. In a memo to “allies and stakeholders” on Friday, White House deputy press secretary Andrew Bates blasted Republicans […]
Tupperware shuts down only remaining US plant, moves manufacturing to Mexico as over 100 workers laid off
Tupperware Brands announced it would close its last remaining US factory in South Carolina and lay off more than 100 workers. The iconic plastic food container maker plans to move all of its manufacturing operations to Mexico, where many of the products sold in the U.S. and Canada are already produced. The Orlando-based company said […]
Biden’s grand plan to hand China more manufacturing jobs
You can’t blame Joe Biden for being bold. After destroying the value of the US dollar by making prices 19.3% higher than when Donald Trump left office, he led the economy to the toughest “soft landing” imaginable. Now Bidennomics is making the bold move to move even more US manufacturing jobs overseas – to China. […]
VA Senate Hopeful Hung Cao Visits Rubber Manufacturing Plant Biden Abandoned
Earlier this month, Hung Kao, a retired U.S. Navy captain and candidate for the Virginia Senate, toured a state-of-the-art nitrile rubber factory nearing completion in southwest Virginia that was abandoned by President Joe Biden’s administration, and said China is the largest U.S. He acknowledged that Japan is on track to become a supplier country. Medical […]
General Motors ending Chevrolet Malibu manufacturing
Check out what’s being clicked on FoxBusiness.com General Motors will discontinue production of its iconic sedan, the Chevrolet Malibu. The move comes as the Detroit-based automaker plans to renovate its Kansas facility that produces the Malibu so it can build its next electric Chevrolet Bolt model there. . Chevrolet Malibu seen at the New York […]
Should US manufacturing policy embrace job restoration or retraining?
In the lead-up to the 2024 election, Joe Biden and Donald Trump are targeting industrial states such as Michigan, Pennsylvania and Wisconsin, which played a key role in determining the outcome of the past two elections. Despite their many differences, both candidates have emphasized the need to restore lost manufacturing jobs.President Biden has kept most […]
Canada launches new offensive in electric vehicle manufacturing subsidy war
Canada is spending more to help automakers build out electric vehicle supply chains in the country as part of its yearslong effort to attract new auto investments and compete with the U.S. EV subsidies enacted under President Joe Biden. The tax credit, included in the government’s new 2024 budget proposal, offers manufacturers a 10% subsidy […]
Biden administration agrees to provide billions to Samsung to expand chip manufacturing in Texas
The Biden administration on Monday announced a multibillion-dollar agreement with Samsung to invest in semiconductor chip manufacturing in Texas. The $6.4 billion preliminary agreement is the latest agreement signed using funding from the CHIPS and Science Act, the bipartisan legislation Biden signed into law in 2022. Samsung is expected to invest more than $40 billion […]
US has a shortage of manufacturing workers and it threatens global competitiveness
Tudor Dixon explains in “The Bottom Line” how President Biden’s manufacturing regulations are increasing the cost of processes. America manufacturing industry Up to half of jobs facing a widening gap over the next decade may remain unfilled as the country seeks to maintain the growth experienced after the coronavirus pandemic, new research has found. Ta. […]