Tariffs are turbocharging American manufacturing.
Josh Jager from American Axle shared how tariffs are supercharging American manufacturing and incentivizing companies to reshore jobs and production lines back to American soil.
US Tariffs and Trade Tensions Threaten Great Lakes Shipping and Canada-US Supply Chains
US tariffs and a growing political rift between Washington and Ottawa are threatening the deeply integrated $6 trillion regional economy of the Great Lakes and the St. Lawrence Seaway. Cargo traffic at key ports like Duluth-Superior has seen sharp declines—plunging 23% through August compared to the previous year—as reduced coal volumes and tariffs on steel and iron ore strain binational trade and disrupt traditional supply chains.
While politicians and trade officials signal potential willingness to negotiate, industry stakeholders warn that prolonged friction risks permanent damage to maritime commerce. US shipping groups point to regulatory disparities and fleet competition, whereas Canadian operators highlight structural shortages in shipyard capacity, leaving local businesses caught in the middle of broader geopolitical trade disputes.
Threatening tariffs on other countries because the Fed made a domestic rate decision makes no economic sense, and today's vote made the point for me: 12 out of 12 FOMC members voted for this hike.
US tariffs on all cars and trucks, automotive parts and steel will be increased to 50% starting January 1, 2027, President Trump said in a social post after trade talks with Canada collapsed