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China’s secret weapon in the trade war is an army of factory robots, powered by artificial intelligence, that have revolutionized manufacturing. Factories are being automated across China at a breakneck pace. With engineers and electricians tending to fleets of robots, these operations are bringing down the cost of manufacturing while improving quality. As a result, […]
A Boeing jet intended for use by a Chinese airline landed back at the planemaker’s US production hub on Saturday, a victim of the tit-for-tat bilateral tariffs launched by President Trump in his global trade offensive. The 737 MAX, which was meant for China’s Xiamen Airlines, landed at Seattle’s Boeing Field, according to a Reuters witness. It was painted with Xiamen livery. […]
Even when India was staring down the barrel of a 27 percent tariff on most of its exports to the United States, business executives and government officials saw an upside. India’s biggest economic rival, China, and its smaller competitors like Vietnam were facing even worse. India has been pushing hard in recent years to become […]
Prestident Trump’s tariffs are socking US businesses across the board — but it’s the smaller companies that are really taking it on the chin. Small and midsize firms account for $868 billion, or about a third, of yearly US imports, according to the Census Bureau. While these companies are tiny compared to the likes of […]
Ray Dalio, billionaire founder of one of the world’s largest hedge funds, said on Sunday that President Trump’s trade war has brought the US near to recession. He was asked on NBC’s “Meet the Press” if he thought the world’s largest economy could dip into recession, usually understood as a meaningful decline in output, as a result of […]
Warren Buffett broke his silence on President Trump’s trade policies, comparing his planned tariffs on Canada and Mexico to an “act of war.” The legendary investor behind Berkshire Hathaway – which has large businesses in insurance, railroads, manufacturing, energy and retail – spoke before the president moved forward with implementing 25% tariffs on Canada and […]
The war is over: not the war in Ukraine or Gaza – I mean the war on inflation. Shoppers, understandably, are still freaking out in the grocery aisles, most recently over egg prices. Meanwhile, economists, politicos and pundits continue to sweat allegedly “sticky” categories for goods and services and rising wages – especially after January’s […]
The clubby insular world of corporate law has entered the culture war. First, Elon Musk started railing against Delaware, which for more than a century has been known as the home of corporate law, after the Delaware Chancery Court chancellor, Kathaleen McCormick, rejected his lofty pay package last year. Eventually he switched where Tesla is […]
What a weekend of headlines, from tariffs on Canada, China and Mexico to Elon Musk getting inside the Treasury Department’s payment system. We have all of the details below — a cheat sheet of the whirlwind of changes that will probably affect the global economy and society. We also have lots of questions about what’s […]
