President Donald Trump’s aggressive tariff strategy is delivering a major boost to American manufacturers, with new orders and job growth climbing as companies move away from Chinese suppliers. A 145% tariff on Chinese goods has made American-made products more competitive, forcing many firms to reshore operations and invest in U.S.-based production.
Former Treasury Secretary Janet Yellen dismissed former President Donald Trump’s America First manufacturing agenda as a “pipe dream” during an interview on CNBC Monday. Her remarks come just days after Nvidia, a major U.S. tech firm, announced a $500 billion investment in American-based AI supercomputer manufacturing.
President Donald Trump unveiled a groundbreaking initiative Tuesday to build colossal artificial intelligence (AI) data centers across the United States.
President-elect Donald Trump plans to declare a national energy emergency to enhance American energy production and reduce energy costs, according to an incoming administration official. The soon-to-be 47th president will sign a series of executive orders shortly after his inauguration to accelerate domestic energy development.
U.S. defense contractor Anduril Industries announced plans to construct a "hyperscale" manufacturing facility in Ohio to increase the rate of production for autonomous systems.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
