GE to Invest $490M to Reshore Washing Machine Production to U.S.
Matt Hardy
GE Appliances says that it plans to invest $490 million to move production of its washing machines from China to its Louisville, Kentucky headquarters. According to a June 26 release…
2026
Hitachi Energy Announces $1B Investment in U.S. Power Grid Infrastructure
Swiss energy equipment manufacturer Hitachi Energy says that it’s planning to invest $1 billion in expanding its production of electrical grid infrastructure in the United States. According to a September…
Volkswagen Courts Trump Administration for Tariff Deal
German automaker Volkswagen says that it’s nearing a trade deal with the U.S. to provide relief from Trump administration tariffs that have slowed profits for European companies since April. President…
15% Tariff Would Be ‘A Burden’ on Volkswagen, CEO Says
Volkswagen CEO Oliver Blume discusses the tariff situation between the US and the European Union. Speaking to Bloomberg’s Stefan Nicola, Blume says the agreement gives the automaker “planning security” but…
US weighs annual China chip supply approvals for Samsung, Hynix
The US is proposing annual approvals for chipmaking exports to Samsung (005930.KS) and SK Hynix’s (000660.KS) China factories, aiming to avoid global supply disruptions after President Trump ended Biden-era waivers.…
Lula, Xi urge BRICS unity amid Trump threats
Leaders of countries that make up the BRICS alliance have continued to decry President Trump’s tariffs and promised to fight against “unjustified and illegal trade practices.” Bloomberg reports: Brazil’s Luiz…
Vietnam exports to US, imports from China fall in August after tariffs take effect
Vietnam’s exports to the United States fell 2% from July to August to $13.94 billion, according to Vietnamese customs data on Tuesday, as a tariff of 20% on shipments to…
Trump tariffs live updates: US-South Korea trade talks stall as Bessent warns of massive tariff refunds
South Korea’s talks to finalize a US trade deal have hit a snag over details of a $350 billion investment fund that both sides agreed to as part of the…
Goldman Sachs chief economist: US economy is in ‘stall speed’
It’s a stall-speed US economy in need of a few interest rate cuts to reignite growth. “I think we are close to stall speed. Where exactly we are relative to…
Has the US ‘lost’ India? Experts aren’t so sure.
A series of appearances this past week saw Chinese President Xi Jinping all smiles alongside a variety of America’s rivals. The events — a summit that was then followed by…