logo
90 Percent of US Companies Plan to Reshore Amid Tariffs, Allianz Survey Finds

90 Percent of US Companies Plan to Reshore Amid Tariffs, Allianz Survey Finds

Epoch Times21-05-2025

Nine out of 10 U.S. companies say they expect to bring some or all of their production or sourcing back home in response to new tariffs imposed under President Donald Trump's trade policy, according to the latest Allianz Trade Global Survey.
The

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why Elon Musk turned against Trump's $5 trillion mega tax and spending bill
Why Elon Musk turned against Trump's $5 trillion mega tax and spending bill

CNBC

time18 minutes ago

  • CNBC

Why Elon Musk turned against Trump's $5 trillion mega tax and spending bill

President Donald Trump is pushing to pass a sweeping tax and spending bill by July 4, but the proposal is already sparking fierce internal GOP debate. The bill combines 2017 tax cut extensions with new Trump-era proposals, including deductions on American-made auto loans and changes to child tax credits. But not everyone is on board. Elon Musk has launched a high-profile feud with Trump over the bill, and key Republican senators are warning that the bill could add trillions to the national debt.

At London trade talks Trump says ‘China's not easy'
At London trade talks Trump says ‘China's not easy'

Fast Company

time28 minutes ago

  • Fast Company

At London trade talks Trump says ‘China's not easy'

The U.S. and China held a second day of talks Tuesday in London aimed at easing their trade dispute, after President Donald Trump said China is 'not easy' but the U.S. was 'doing well' at the negotiations. A Chinese delegation led by Vice Premier He Lifeng met U.S. Commerce Secretary Howard Lutnick, Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer for several hours on Monday at Lancaster House, an ornate 200-year-old mansion near Buckingham Palace. Wang Wentao, China's commerce minister, and trade negotiator Li Chenggang are also in Beijing's delegation. Lutnick said as he arrived Tuesday morning that the talks were 'going well,' and he expected them to continue all day. Asked late Monday how the negotiations were going, Trump told reporters: 'We are doing well with China. China's not easy.' The two sides are trying to build on negotiations in Geneva last month that agreed to a 90-day suspension of most of the 100%-plus tariffs they had imposed on each other in an escalating trade war that had sparked fears of recession. Since the Geneva talks, the U.S. and China have exchanged angry words over advanced semiconductors that power artificial intelligence, visas for Chinese students at American universities and rare earth minerals that are vital to carmakers and other industries. Trump spoke at length with Chinese leader Xi Jinping by phone last Thursday in an attempt to put relations back on track. Trump announced on social media the following day that the trade talks would resume in London. China, the world's biggest producer of rare earths, has signaled it may ease export restrictions it placed on the elements in April, alarming automakers around the world who rely on them. Beijing, in turn, wants the U.S. to lift restrictions on Chinese access to the technology used to make advanced semiconductors. Trump said that he wants to 'open up China,' the world's dominant manufacturer, to U.S. products. 'If we don't open up China, maybe we won't do anything,' Trump said at the White House. 'But we want to open up China.'

Boeing Orders Surge in May as Aircraft Become Key Trade Lever
Boeing Orders Surge in May as Aircraft Become Key Trade Lever

Bloomberg

time28 minutes ago

  • Bloomberg

Boeing Orders Surge in May as Aircraft Become Key Trade Lever

Boeing Co. scored the highest monthly order intake in more than a year, including a huge haul during President Donald Trump's trip to the Middle East, giving the US planemaker a commercial boost as it heads into the crucial Paris Air Show next week. The 303-aircraft win was Boeing's largest since December 2023, according to data on its website on Tuesday. The planemaker also delivered 45 aircraft during the month, including 32 jets from its narrowbody 737 family.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store