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Global Trade & Economics: Page 73

U.S. Raid on Hyundai Plant Leaves Korean Companies Reeling

LG Energy Solution has tentatively decided to postpone the start of its EV battery plant with Hyundai in Georgia, according to a report from the Korea Economic Daily.

The Hyundai Motor Group Metaplant America (HMGMA) electric-vehicle and battery manufacturing plant under construction in Ellabell, Georgia, US, on Thursday, Aug. 17, 2023. Those in the vicinity of massive EV and battery manufacturing plant projects are bracing for change. Photo: Stephen B. Morton/Bloomberg

Hitachi Energy Announces $1B Investment in U.S. Power Grid Infrastructure

The company hopes to use the investment to modernize the U.S. power grid, and meet the rising demand for energy created by the growth of AI data centers.

Photo: iStock / bjdizx

Volkswagen Courts Trump Administration for Tariff Deal

VW is reportedly close to an agreement with the U.S. that would bring tariffs for the company under 15%, in exchange for sizable manufacturing investments in the country.

A Volkswagen plant in Mosel, Germany. Photo: iStock / aquatarkus

Lutnick Targets Swiss Pharma Giants for Making Money Off America

Lutnick’s remarks come ahead of another meeting between U.S. and Swiss officials after failed trade talks last month resulted in a 39% tariff rate for the European country.

U.S. Commerce Secretary Howard Lutnick. Photographer: Brian Kaiser/Bloomberg

Swiss Watchmakers Sound Upbeat on U.S. as Long as Stocks Last

The scale of Trump’s tariff on Switzerland shocked the government in Bern, which had expected a levy similar to the 15% negotiated by the European Union.

Watches in the window of a luxury store on Fifth Avenue, New York. Photographer: Bing Guan/Bloomberg

Canada Pauses Target for EV Sales, Pushes ‘Buy Canadian’ Policy

Canadian automakers will no longer be required to ensure 20% of new car sales are electric by next year.

Photo: iStock / Oleksii Liskonih

Trump’s Tariffs Leave U.S. Business Tied Up in Costly Red Tape

Adding to the confusion, a federal appeals court ruled that Trump’s country-specific tariffs broke the law.

A U.S. Customs and Border Protection agent inspects boxes of tools at a port of entry in Nogales, Arizona. Photographer: Rebecca Noble/Bloomberg

Korean Magnet Manufacturer Plans $233M Production Plant in Georgia

The 130,000 square-foot plant will have an annual production capacity of 3,000 tons, and is expected to open sometime in late 2027.

Photo: iStock / inkret

Trade Policy as a Risk Factor: The Insurance Impact of Tariffs

Now is the time to ask hard questions, reassess assumptions and ensure that your insurance program evolves in step with the world around it.

Photo: iStock/SimonSkafar

Crown Royal Bottling Plant Closure Sets Off Political Firestorm in Ontario

Although Crown Royal has been produced exclusively in Canada for decades, Diageo announced on August 28 that its Ontario bottling plant would moving its operations to the U.S. in early 2026.

Photo: Christopher Katsarov Luna / Bloomberg

Trump Tariffs Leave John Deere Facing Steep Path to Recovery

U.S. tariffs have cost John Deere an estimated $300 million so far in 2025, with the company expecting to take another $300 million hit by the end of the year.

Photo: iStock / SweetyMommy

India and Singapore Deepen AI, Chips Ties as U.S. Tariff Risks Grow

The two nations signed agreements spanning sectors from shipping to civil aviation, and plan to collaborate on state-level skill centers to meet industry demand.

Narendra Modi, India's prime minister, right, and Lawrence Wong, Singapore's prime minister, during a joint press statement at Hyderabad House in New Delhi, India, on Thursday, Sep. 4, 2025. Photographer: Prakash Singh/Bloomberg

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