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NEWS
- The U.S. has initiated a "301 investigation" into China's shipbuilding industry, which exports over 200 billion yuan annually and holds more than 50% of the global market share. This marks the first specific industry investigation by the Biden administration since 2021, following a petition from five national unions.
- President Biden expressed strong support for imposing higher tariffs on Chinese steel and aluminum if unfair trade practices are confirmed in ongoing investigations. He emphasized the importance of the shipbuilding industry to national security, including naval strength.
- The last "301 investigation" against China was during President Trump's tenure, leading to tariffs on various Chinese products including steel and aluminum. The current investigation could lead to trade sanctions such as retaliatory tariffs if unfair trade practices are found.
May.4 2024 19:20 PM
Shein to upgrade factories after labor abuse claims, EHang self-flying vehicles approach commercial takeoff
Dec.6 2022 20:24 PM
Electric carmaker Faraday Future admits to releasing misleading pre-order data, Lenovo remains the world’s No. 3 tablet seller in 2021
Feb.4 2022 18:50 PM
Robot powerhouse reports first net profit growth in three years, but its drive to add capacity has not been effective in generating returns
May.11 2021 14:52 PM
Mar.22 2021 15:34 PM
Sep.19 2019 14:35 PM
ABB breaks ground on $150 million factory in Shanghai, with a designated annual production capacity of 100,000 robots
Sep.16 2019 19:08 PM
CEO says that company’s largest facility will produce 100,000 robots a year
Oct.29 2018 19:15 PM
ABB to build advanced robotics factory in Shanghai; Xiaomi reaches 100 million sales target; Chinese space startup Landspace fails its first launch mission
Oct.29 2018 17:19 PM
Switzerland-based robotics firm follows steps by rivals to roll out internet solutions for Chinese manufacturing sector
Jun.30 2017 19:03 PM
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