JCB has warned it could lose "hundreds of millions of pounds" after the US government unexpectedly extended tariffs on steel and aluminium to cover finished goods, dealing a blow to one of Britain's best-known engineering firms. The Trump administration confirmed on Monday that the 25 per cent tariffs already applied to components would now include all machines exported to the US containing steel or aluminium. The move is expected to hit every one of the 30,000 diggers and construction vehicles JCB ships across the Atlantic each year.
As one of the leading policy experts at the Canadian Chamber of Commerce, Chan has become a reluctant face of crisis: trade shocks, economic headwinds, and geopolitical curveballs that threaten the foundation of Canadian manufacturing. Steel and aluminum tariffs are back-having doubled from 25 percent to 50 percent in June-and once again, they're rattling Canadian companies.
Porsche has experienced a 6% decline in global sales in the first half of the year, attributing the decrease to challenging market conditions and heightened competition.
Despite a supposedly hostile environment for AI R&D under Trump, North America still attracts the majority of AI investment, totaling $69.7 billion between February and May.
As we get further back in time, as we get populations that are smaller and smaller, finding these places and interpreting them becomes increasingly difficult, archaeologist Kenneth Feder told Business Insider.
The debate in Little Rock illustrates not only the contentious relationship between large lobbying entities and smaller trucking companies but raises critical safety concerns affecting drivers and public alike.