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Slowing demand in construction and manufacturing in the U.S. and around the globe have pulled steel prices lower for months.
Some businesses say the new tariffs will put them on a level playing field with Chinese exporters. Others see little advantage.
The government reports construction spending fell for a second month in April. And factory orders were up less than 1% after being revised down for March.
The 0.7% increase signals a healthy tone for manufacturing, at least relative to recent weak readings for construction and consumer spending.
GM will discontinue the once-popular mid-price family sedan in late 2024, to make way for more EV production at its plant in Kansas City.
A labor shortage in manufacturing seems to be tempting them.
A person who comes up with a good idea might not always reap the rewards in China’s manufacturing ecosystem.
The goal: an electric aircraft that can take off and land vertically.
The federal government is spending billions to support semiconductor manufacturing. But trainees seeking chipmaking jobs may have to wait.
A century ago, U.S manufacturers were run by engineers. Now leadership suites are distant from factory floors, says journalist Jerry Useem.