President Trump wasted little time turning to economic policy once his second term began, imposing or threatening to impose a barrage of tariffs on many of Indiana’s trading partners.
Trump has called the federal contracts made with the help of the CHIPS and Science Act “ridiculous,” signaling that he doesn’t support the program.
While consumers across the country could pay higher prices on all sorts of goods, Indiana’s economy is especially vulnerable to the uncertainty from tariffs and retaliatory tariffs between nations, economists say.
Anderson-based StagUSA Services Inc. manufactures aftermarket products allow vehicles to run on alternative fuels like compressed natural gas and propane. The company imports propane tanks from Mexico and other components from Poland.
When the Trump administration announced tariffs on Feb. 1 for most Canadian, Mexican and Chinese goods, Hard Truth Distilling Co. co-owner Jeff McCabe was worried but said his Indiana whiskey producer will be fine.
Konrady Plastics Inc. CEO Leah Konrady says President Trump’s trade proposals are creating uncertainty.
President Donald Trump is hitting foreign steel and aluminum with a 25% tax. If that sounds familiar, it’s because he did pretty much the same thing during his first term.
The company works with teams in NASCAR, IndyCar, IMSA and other racing circuits to create vehicular transports for competition vehicles.
Nippon Steel in December 2023 made what was a nearly $15 billion bid to buy U.S. Steel, creating a sudden political issue in the 2024 presidential election.
Honeywell, which has a large presence in Indiana, has been under pressure to explore strategic options and simplify its structure.
Cummins said it reorganized its Accelera business unit because of a slowdown in demand for some of its alternative-fuel products.
IBJ wants to hear your thoughts about tariffs, how President Donald Trump’s proposals are impacting your organization and your story ideas related to trade.
The surveys were conducted before President Donald Trump announced tariffs on imports that risk disrupting supply chains for American producers.
U.S. Steel said it remains committed to pursuing a deal with Nippon, believing it is best for the U.S. steel industry, supply chains and for steel workers.
Republican Ohio Gov. Mike DeWine said it is the largest single job-creation and payroll project that Ohio has ever announced.
Comments by Cleveland-Cliffs chief executive Lourenco Goncalves came after the Biden administration over the weekend extended the deadline for Nippon to abandon its $14.9 billion bid for U.S. Steel to June.
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.
The suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
President Joe Biden’s decision to block Nippon Steel’s proposed purchase of U.S. Steel was a political act made in “clear violation of due process and the law,” the two companies said Friday
Biden’s decision—attributed by other news organizations to unnamed sources—comes just days after Japan-based Nippon proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity.”
