South Korean carmaking giant Hyundai has unveiled $21bn (£16.3bn) of investment in the US. The plan includes a new $5.8bn steel plant in the southern state of Louisiana. Hyundai also said it will expand its American vehicle production and invest billions of dollars in new technology including autonomous driving and artificial intelligence (AI). The announcement
President Donald Trump has threatened to impose tariffs of 25% on US imports from countries that purchase oil from Venezuela. Trump described the move as a “secondary tariff” aimed at punishing the Latin American country “for numerous reasons”, including allegedly “purposefully” sending gang members to the US. Separately, Trump suggested he was softening his plans
Trump targets Venezuela with new tariffs President Trump said yesterday that countries that bought oil or gas from Venezuela would be forced to pay a tariff of 25 percent on their exports to the U.S., starting April 2. He claimed that Venezuela had “purposefully and deceitfully” sent criminals and murderers into the U.S. Later in
Hyundai Motor, a South Korean conglomerate known for its automobiles, will invest $21 billion to expand manufacturing in the United States in what President Trump said was proof that his tariff policies were creating jobs. The company, which also produces steel, said the investment would include $5.8 billion for a steel factory in Louisiana that
President Trump said Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those nations sent into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In a post on Truth Social, the president said that any country that purchased oil
A woman sits on a bus in Sriperumbudur district in the southern Indian state of Tamil Nadu, where many women are employed in manufacturing. India hopes to attract more business as the Trump administration imposes tariffs on China. Diaa Hadid/NPR hide caption toggle caption Diaa Hadid/NPR SRIPERUMBUDUR, India — The women knocking on doors of
President Trump said Monday that he would crack down on countries that bought Venezuela’s oil by imposing tariffs on goods those nations sent into the United States, claiming that Venezuela has “purposefully and deceitfully” sent criminals and murderers into America. In a post on Truth Social, the president said that any country that purchased oil
Before the election, Toyota Motor and other Japanese automakers thought a second Trump administration could be good for them. President Trump had campaigned on dismantling policies aimed at swiftly accelerating the U.S. auto industry’s shift away from fossil fuels and to electric vehicles — directives that Toyota and other leading manufacturers of gasoline and hybrid
Ahead of President Trump’s next big trade move, his administration invited companies to weigh in on the economic barriers they faced abroad. The list of complaints was both sprawling and specific. In hundreds of letters submitted to the administration in recent weeks, producers of uranium, shrimp, T-shirts and steel highlighted the unfair trade treatment they
I’m curious how much clothing is marked up over cost. Does it really have to do with quality, or can a popular or fancy brand mark up more than average? And what does the threat of tariffs mean? — Jane, Boston Back in 2012, a designer named Bruno Pieters, who had been the main guy