The Biden administration is planning to more than triple a key tariff rate on Chinese steel and aluminum products, escalating trade tensions with Beijing as the White House seeks to carve a new path on economic issues following previous administration approaches.
The International Monetary Fund lifted its global economic growth forecast for this year on rising momentum in the U.S., where a strong fiscal response to the pandemic has led the rebound.
Construction of new homes in the U.S. plunged 14.7% to 1.42 million in March, the largest drop since April 2020, the Commerce Department reported.
Some Stellantis suppliers halted shipments to the automaker over a dispute on who should bear the cost increases in raw materials, escalating tensions in the post-merger supply chain restructuring.
The strategic investments and acquisitions made by companies like International Paper, Stellantis, and Amazon signal a proactive approach to adapting to changing market conditions and expanding their operations for future growth.
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