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Dozens of manufacturing companies testified about how Trump’s trade war with China could affect them — here’s what they said
Hundreds of company and industry representatives testified before trade officials in Washington last month about how Trump's proposed tariffs on roughly $200 billion worth of imports could affect them. Many witnesses came from the manufacturing industry — here's what some of them had to say.
‘If this tariff takes effect, we are out of business’: Small companies warn of widespread layoffs and shutdowns if Trump doesn’t bac...
The Trump administration is expected to enact tariffs on an additional $200 billion worth of Chinese imports to the US. Some companies say they will have to immediately lay off employees to absorb the cost of the tax, while others warn they may have to shut down completely.
India's economy expanded more than 8% between April and June from a year earlier, as a surge in manufacturing activity and spending powered the world's sixth-largest economy to its fastest growth in more than two years.
British car manufacturing fell by 11% in July compared to the same time last year, struck by model changes, seasonal adjustments and upcoming changes in emissions standards, an industry body said on Tuesday.
You'd be surprised by how much raw material goes into the everyday items you use. If you drink at least one cup of coffee per day, you'd need at least 9 coffee trees producing full-time to give you a year's supply.
The US manufacturing sector has added 327,000 jobs in the past 12 months, the highest number of jobs added in a 12-month period since April 1995. The boom comes after President Donald Trump promised to bring back US manufacturing.
It would be seriously damaging to the industry not just in the UK but in Europe as well," Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT) said.
In a speech in Birmingham today, Labour leader Jeremy Corbyn attacked the Conservatives for not capitalising on the cheap pound after the Brexit vote, because they don't have an industrial strategy.
Airbus, Siemens, BMW, Rolls-Royce, Jaguar Land Rover, and Britain's five biggest business lobbies have all warned about a hard or no deal Brexit and called for the government to give more clarity.
Jaguar Land Rover says 40,000 UK jobs and £80 billion of investment are threatened by a ‘bad Brexit’
Jaguar Land Rover is Britain's biggest car manufacturer and exporter. One in three cars sent overseas by the UK are Jaguars or Land Rovers and 80% of the 621,000 cars it sold in 2017 were sold internationally. 20% went to Europe.