The rare-earth mining operations in Mountain Pass, Calif., the last remaining assets of bankrupt Molycorp Inc., were bought in June by a group that drew objections from rival bidders, who said the winner has ties to the Chinese government.
A majority of manufacturing professionals say that Trump's plan for infrastructure spending will have a positive impact on their companies, but they are skeptical that Washington can make it happen.
Based on comments from President Trump, the administration could declare as early as this week that steel is critical to national security and eligible for protection from imports.
The tech leaders will hold breakout sessions on drones, connected devices and easing access to venture capital for startups outside traditional enclaves such as Silicon Valley.
VW head Diess: “It has been a roller-coaster of emotions. We hope that we’re going to have clarity in the next months. It influences investment decisions.”
The rhetoric overlooks that BMW, Daimler, and Volkswagen operate some of their biggest factories in the world in southern U.S. states, and the impact that putting a stop to imports would have on the thousands of dealers who sell German...
In a notice to Congress, U.S. Trade Representative Robert Lighthizer said the U.S. would prefer to keep NAFTA's three-way structure, a notable comment from an administration that has denounced multilateral deals as unwieldy.
Pipeline companies argue Buy American would increase costs and disrupt operations, while steel firms see an opportunity to take advantage of surging production.
Canada fired back, saying the tariff is an "unfair and punitive duty" imposed on "baseless and unfounded" allegations.