Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Companies Falsely Labeled Products ‘Made in U.S.A.’ Their Financial Penalty? $0. Advertisement Supported by ByAnnie Karni March 5, 2019 WASHINGTON — Patriot Puck, a New York-based company, wrapped its hockey pucks in American flags, declaring them “The Only American Made Hockey Puck!” The mattress firm Nectar Sleep, founded by Silicon Valley entrepreneurs, promoted its mattresses as “designed and assembled in the U.S.A.” Two California-based manufacturers of deployment bags, tactical gear and other merchandise marketed to active and retired American military personnel sold the products online as #MadeInUSA, and inserted “American Made” tags into its products. In reality, most of the products were manufactured entirely in China, according to the … [Read more...] about Companies Falsely Labeled Products ‘Made in U.S.A.’ Their Financial Penalty? $0.
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By Emre Peker WSJ Paul Hannon WSJ Fri., Feb. 15, 2019 The European Union reported a record trade surplus with the U.S. last year, a development that could weigh on slow-moving U.S.-EU trade talks and comes as the Trump administration prepares to deliberate hefty tariffs on European car imports. Meanwhile, slowing exports from Europe to other trading partners, most notably China, in 2018 suggest the flagging EU economy could cool further this year. Failure of the U.S.-EU trade talks and fresh duties from the U.S. could compound Europe’s economic pain in 2019. Following a July agreement to talk rather than impose new levies, Brussels and Washington have held four rounds of negotiations in an effort to ease tensions and further liberalize trans-Atlantic trade. The next round of talks is expected to take place in Washington early next month. However, progress on a top agenda item—a deal on industrial trade that would slash duties and non-tariff … [Read more...] about EU’s Trade Surplus With U.S., a Bone of Contention for Trump, Hits Record
By Clifford Krauss The New York Times Mon., Feb. 4, 2019 MIDLAND, TEXAS—In a global collapse of oil prices five years ago, scores of U.S. oil companies went bankrupt. But one field withstood the onslaught, and even thrived: the Permian Basin, straddling Texas and New Mexico. A combination of technical innovation, aggressive investing and copious layers of oil-rich shale have transformed the Permian, once considered a worn-out patch, into the world’s second most productive oilfield. And this transformation has apparently inoculated Texas against its traditional economic enemy, the boom-and-bust cycle pegged to oil prices. Even now, with prices still far below their peak, the Permian is bursting with production and exploration, and the biggest concern is how to create more capacity to get all that oil to market. The shale-drilling frenzy in the Permian has enabled the United States not only to reduce crude-oil imports, but even to become a major exporter … [Read more...] about How a ‘Monster’ Texas oil field made the U.S. a major exporter in the world market
Sections SEARCH Skip to content Skip to site index Subscribe Log In Energy & Environment | How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market Innovation, investment and inviting geology have given new life to an oil patch that once seemed spent. The oil field is now the world’s second most productive. A fracking operation at a Shell site. Shell has developed algorithms to replicate and standardize the most effective drilling and fracking methods worldwide. Credit Credit Tamir Kalifa for The New York Times Supported by ByClifford Krauss Feb. 3, 2019 MIDLAND, Tex. — In a global collapse of oil prices five years ago, scores of American oil companies went bankrupt. One field withstood the onslaught, and even thrived: the Permian Basin, straddling Texas and New Mexico. A combination of technical innovation, aggressive investing and copious layers of oil-rich shale … [Read more...] about How a ‘Monster’ Texas Oil Field Made the U.S. a Star in the World Market
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Log In Today’s Paper Technology | A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in U.S.A.’ Supported by ByJack Nicas Jan. 28, 2019 SAN FRANCISCO — Despite a trade war between the United States and China and past admonishments from President Trump “to start building their damn computers and things in this country,” Apple is unlikely to bring its manufacturing closer to home. A tiny screw illustrates why. In 2012, Apple’s chief executive, Timothy D. Cook, went on prime-time television to announce that Apple would make a Mac computer in the United States. It would be the first Apple product in years to be manufactured by American workers, and the top-of-the-line Mac Pro would come with an unusual inscription: “Assembled in USA.” But when Apple began making the $3,000 computer … [Read more...] about A Tiny Screw Shows Why iPhones Won’t Be ‘Assembled in U.S.A.’