Showing posts with label Tariffs. Show all posts
Showing posts with label Tariffs. Show all posts

Thursday, June 26, 2025

GE Appliances moves some production from China to Kentucky with $490M investment


Well looks like things are working well in the tariffs area as "GE" Appliances announced a nearly half-billion-dollar project. They said that it will create 800 new jobs and shift production of clothes washers from China to its massive manufacturing complex in Kentucky. The $490 million investment positions the Kentucky home appliances company to rank as the biggest U.S. manufacturer of washing machines, it said. “We are bringing laundry production to our global headquarters in Louisville because manufacturing in the U.S. is fundamental to our ‘zero-distance’ business strategy to make appliances as close as possible to our customers and consumers,” CEO Kevin Nolan said. “This decision is our most recent product re-shoring and aligns with the current economic and policy environment.”

The announcement comes as President Donald Trump attempts to lure factories back to the United States by imposing import taxes tariffs on foreign goods. He has slapped 10% tariffs on imports from most countries and put 30% levies on Chinese goods. GE Appliances says nearly all the steel used in its U.S. manufacturing for its appliances comes from American steelmakers. GE Appliances said the project will move production of a combo washer/dryer and a lineup of front load washers from China to the Bluegrass State. In all, production of more than 15 models of front load washers will shift to the company's sprawling Louisville production complex known as Appliance Park, it said. Once the added production is in place, the total area devoted to clothes care production at the Louisville complex will equal 33 football fields, it said.

Kentucky Democratic Gov. Andy Beshear, who has criticized Trump's tariffs, hailed the company's deepening commitment to the state. “Today's announcement brings more appliance manufacturing back to the United States and solidifies Kentucky and Louisville as the global headquarters of GE Appliances,” the governor said. The redesigned factory will become its most advanced manufacturing plant for clothes washing production, the company said, featuring the latest in automation, robotics and material-handling technologies including automated guided vehicles and autonomous mobile robots.

The new manufacturing lines will open in 2027, the company said. Next door at the complex's Building 1, the company produces top load washers and front load dryers. GE Appliances handles product design and engineering work at its Louisville headquarters but lacks overall production capacity to make all of its products at its U.S. plants. So it contracts with other manufacturers, including in China, for some of its production. The company said its core business strategy is to base production in the United States, and the investment announced Thursday is another step toward achieving that goal.

“Manufacturing in Louisville puts production closer to our designers, engineers and consumers so that together we can create our most innovative laundry platforms,” said Lee Lagomarcino, vice president of clothes care at GE Appliances. The $490 million infusion into Appliance Park is the latest round of investments in recent years as part of the company’s growth strategy. It builds on the company's previous investments of $3.5 billion in U.S. manufacturing in the past decade, with more than one-third of the amount going to Appliance Park.

Appliance Park in Louisville employs about 8,000 workers and is home to five plants that produce washers, dryers, dishwashers and refrigerators as well as parts and components. GE Appliances also has manufacturing plants in South Carolina, Alabama, Georgia, Tennessee and Connecticut.

GE Appliances is a subsidiary of the China-based Haier company. This is also something we should look into as they still have ties to CHINA and it could always be seen as a potential issue. So I'd go a step further I'd make them sell the company to AMERICAN investors before letting them do anymore bussiness in THE USA.

Tuesday, November 26, 2024

Trump to Tariff both Canada & Mexico


This is awesome news as Donald Trump announced Monday that he's Set To Impose 25% Tariff On Canada, Mexico ‘Day One’ and it would be by a signed executive order upon assuming office the tariff will be on all goods imported from Mexico and Canada. He also pledged to implement further tariff increases on China, citing concerns over the influx of illegal immigrants and the trafficking of illicit drugs. He laid this out in his latest Truth Social post, Trump, who takes office on Jan. 20, 2025, noted that thousands of people were “pouring through” Mexico and Canada “at levels never seen before.”

“Right now a Caravan coming from Mexico, composed of thousands of people, seems to be unstoppable in its quest to come through our currently Open Border,” he wrote. “On January 20th, as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders.”

“This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!” he added. And we are very happey to hear about this on this site but he continued to say the following... “Both Mexico and Canada have the absolute right and power to easily solve this long simmering problem.” “And until such time that they do, it is time for them to pay a very big price!” he added. Since his first administration, Trump has consistently urged Mexico to take more active measures to prevent the flow of illegal immigrants and drugs into the United States. In a joint statement, Canada’s Deputy Prime Minister, Chrystia Freeland, and Public Safety Minister Dominic LeBlanc said America’s northern neighbor and the U.S. have “one of the strongest and closest relationships–particularly when it comes to trade and border security.” “Canada places the highest priority on border security and the integrity of our shared border. Our relationship today is balanced and mutually beneficial, particularly for American workers,” they said. “Today, Canada buys more from the United States than China, Japan, France, and the UK combined. Canada is essential to US domestic energy supply, and last year 60 percent of US crude oil imports originated in Canada.”
 

“Law enforcement agencies from our respective countries the RCMP, the Canada Border Services Agency (CBSA), the US Drug Enforcement Administrations, and US Customs and Border Protection—work together every single day to disrupt the scourge of the fentanyl coming from China and other countries,” they noted further. “In addition, the CBSA is continuously strengthening its ability to detect opioids through enhanced inspections at ports of entry, detector dogs, and emerging technologies, preventing opioids from entering and leaving Canada,” they said. In a later statement, Trump announced he would implement an additional 10% tariff on all Chinese goods imported into the U.S. due to the “massive amounts” of drugs, particularly fentanyl, being smuggled across the border.

Trump stated that he has spoken with Chinese officials regarding the fentanyl entering the U.S. He noted that the communist nation had previously promised to execute drug dealers involved in this illicit trade but ultimately failed to follow through. “Until such time as they stop, we will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products coming into the United States of America,” Trump also wrote on Truth.

Fentanyl, a synthetic opioid up to 50 times more potent than heroin, can be deadly even in small amounts. It has contributed to the deaths of hundreds of thousands of Americans and plays a major role in the rise of drug overdoses. Many illegal drugs are laced with fentanyl to increase their potency and reduce costs, often without users’ knowledge, Fox Business reported. U.S. officials often state that illicit fentanyl is produced in Mexico using precursors imported from China and is subsequently smuggled across the border by drug cartels. “Indeed, unknown to most Americans, the Chinese Communist Party (CCP) is actively funding, supporting, and pushing America’s most deadly drug threat in history,” reads a Heritage Foundation report called “Holding China and Mexico Accountable for America’s Fentanyl Crisis.”