Category
Economy
Markets, trade, employment, prices and economic policy.
Credibility summary
Of the 247 claims in Economy with evidence either way, 93% held up.
Showing 241-260 of 1595 claims
BYD and other Chinese automakers have partly bypassed those tariffs by sending hybrid cars that mainly use battery-powered electric motors with small gasoline engines as backups.
The automakers are sending these newly built vessels through the Red Sea anyway.
This reduces costs for fuel, crews and the ships themselves by a couple hundred dollars per car.
Shipowners in Europe and Asia mostly refuse to allow companies to charter their vessels for such trips.
Commercial insurers in London have become wary of insuring such voyages, charging higher rates when they do.
Chinese automakers, notably BYD and SAIC Motor, have taken delivery in recent months from Chinese shipyards of some of the world’s largest ships designed specially to carry cars.
Ships carrying Chinese cars are using the Red Sea and Suez Canal even as other vessels still sail around Africa in fear of attacks by the Houthi militia.
Other automakers are still shipping cars from Asia by way of a much longer, and expensive, trip around Africa.
The rest is imported from Canada and subject to a 50 percent import duty.
Mr. Vultaggio declined to comment on any steps AriZona has taken to mitigate the financial impact.
Mr. Vultaggio said he expected the few domestic aluminum manufacturers to raise their prices in response to the tariffs.
AriZona sells glass bottles and gallons of varieties of iced tea juice energy drinks and coffee.
The company is largely vertically integrated.
Mr. Vultaggio has no shareholders to answer to and his company has no debt.
The company ran railroad tracks from a freight line so it could bring tankers of sugar directly to AriZonaLand its factory in Keasbey N.J. several times a day.
Long-term contracts will very much keep the coal supply chain healthy.
The Energy Department was awarding $175 million to upgrade six coal plants in Kentucky, North Carolina, Ohio and West Virginia.
In July two former national security officials in the Trump administration Matt Pottinger and David Feith and 18 other people with a mix of national security and economics expertise wrote a letter to the administration calling its policy change a strategic misstep that endangers the United States’ economic and military edge in artificial intelligence.
Nvidia was expected to sell more than $15 billion worth of its H20 chip to China through the end of the year, and AMD was expected to sell $800 million, according to Bernstein Research.
Nvidia and Advanced Micro Devices are expected to pay the United States 15 percent of the money they take in from selling artificial intelligence chips to China.
Recently analyzed in Economy
While some price increases stemmed from tariffs on imports, other factors like housing and food costs played a larger role.
June inflation hit its highest level since February, fueled by Trump's tariffs increasing prices on various goods.
Prices are now starting to rise because of tariffs.
The risk is that investors begin to doubt that the United States will pay back its debts and start demanding higher interest rates, stunting borrowing across the economy.
The New York Times
The country is still on track to borrow what economists consider an alarming amount of money in the coming years.
The New York Times