Trump pausing planned tariffs on Mexico, but not for Canada, China
U.S. President Donald Trump and Mexican President Claudia Sheinbaum put their planned tariffs on hold Monday for a month to give time for further negotiations.
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Trump says Americans could feel ‘some pain’ from tariffs as he threatens more import taxes
President Trump on Sunday night returned from Florida and threatened to impose steeper tariffs elsewhere, telling reporters that the import taxes will “definitely happen” with the European Union and possibly with the United Kingdom as well.
From avocados to autos, Trump tariffs on Canada and Mexico could hit close to home
The United States now does far more business–exports and imports alike–with both Canada and Mexico than it does with China.
Westfield sees potential for business with South Korean companies, starting with hotel
Westfield officials hope a proposed $50 million hotel by South Korean-based Lotte Hotels & Resorts could provide an opening for more business with the country. City officials are planning an economic development trip to Asia in March to explore the possibilities.
Deadline extended on Nippon’s bid for U.S. Steel, offering hope that deal isn’t dead
The new deadline, now in mid-June, was viewed by U.S. Steel—and investors—as an opportunity for the companies to complete the acquisition.
What to know as Supreme Court takes up TikTok ban
The Supreme Court on Friday will take up TikTok’s high-stakes challenge to a federal law that would effectively shut down the wildly popular video-sharing platform this month unless the company divests from Chinese ownership.
Trump says he will change Gulf of Mexico’s name. Can he do that?
President-elect Donald Trump provided no details about how he planned to implement the name change, but the comments sparked immediate questions about whether a president has the authority to rename an international body of water.
Trump announces $20B data-center investment by Emirati businessman
The promised investment feeds into an existing boom for constructing data centers used in the development of artificial intelligence and expansion of cryptocurrency.
Canada’s Trudeau announces resignation after nearly decade as prime minister
Canadian Prime Minister Justin Trudeau became deeply unpopular with voters in recent years over a range of issues, including the soaring cost of food and housing, and surging immigration.
New bills seek to sever state business ties to companies in adversarial countries
The two bills are focused on reducing the influence of countries potentially posing a threat to the United States and Indiana.
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford sales fell 15.3% in the first nine months of the year compared to the same period last year, according to the European Automobile Manufacturers’ Association. The company’s market share shrank to 3% from 3.5%
Congressional panel urges toughening U.S.-China trade relationship
In its annual report to Congress released Tuesday, the U.S.-China Economic and Security Review Commission called for the first time for ending permanent normal trade relations with Beijing.
Holcomb plans trade trip to Saudi Arabia, Kuwait
It will be Holcomb’s 27th and final international economic development trip as governor, and his first visits to Kuwait and Saudi Arabia.
Allison Transmission investing $100M-plus to expand production in India
Indianapolis-based Allison Transmission plans to add 200,000 square feet to its manufacturing facility in Chennai, India, the company announced Thursday, doubling its manufacturing footprint at the site.
Holcomb heading to Greece on latest trade trip
Indiana Gov. Eric Holcomb is scheduled to lead a trade delegation to Athens in a trip organized by the Council of State Governments.
TikTok face offs with Justice Department over law that could lead to ban
Before a panel of three judges at a federal appeals court, attorneys for the two sides—and content creators—were pressed on their best arguments for and against the law that forces the two companies to break ties by mid-January or lose one of their biggest markets in the world.
Biden cracks down on loophole that enables tariff-free imports by Temu, Shein
Importers mainly from China have used the de minimis exemption for shipments of $800 or less to flood the U.S. market.
Holcomb signs Ukraine agreement after meeting Zelenskyy
With Ukrainian President Volodymyr Zelenskyy watching, Indiana Gov. Eric Holcomb signed a memorandum of understanding to grow a relationship focused on academia, agriculture and economic development.
Holcomb, Zelenskyy to meet, talk partnership in Ukraine
Indiana Gov. Eric Holcomb is set to become the first U.S. governor to travel to the country since Russia’s invasion more than two years ago.
Holcomb hints at more possible trade trips in final months as governor
After spending the last week on a trade trip in Australia and Singapore, Indiana Gov. Eric Holcomb told reporters he plans to “maximize” his final months in office.