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    Trump’s Trade and Tax Policies Start to Stall U.S. Battery Boom

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    Battery companies are slowing construction or reconsidering big investments in the United States because of tariffs on China and the proposed rollback of tax credits.Battery manufacturing began to take off in the United States in recent years after Congress and the Biden administration offered the industry generous incentives.But that boom now appears to be stalling as the Trump administration and Republican lawmakers try to restrict China’s access to the American market.From South Carolina to Washington State, companies are slowing construction or reconsidering big investments in factories for producing rechargeable batteries and the ingredients needed to make them.A big reason for that is higher trade barriers between the United States and China are fracturing relationships between suppliers and customers in the two countries. At the same time, Republicans are seeking to block battery makers with ties to China, as well as those that rely on any Chinese technology or materials, from taking advantage of federal tax credits. The industry is also dealing with a softening market for electric vehicles, which Republicans and Mr. Trump have targeted. The China-related restrictions — included in the version of Mr. Trump’s domestic policy bill passed by the House — would be very difficult for many companies to operate under. China is the world’s top battery manufacturer and makes nearly all of certain components.The Trump policy bill highlights a difficult dilemma. The United States wants to create a homegrown battery industry and greatly reduce its dependence on China — and many Republican lawmakers want to end it altogether. But China is already so dominant in this industry that it will be incredibly hard for the United States to become a meaningful player without working with Chinese companies.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      China Labor Bulletin, a Rights Group in Hong Kong, Shuts Down

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      The China Labor Bulletin, which tracks factory closures and worker protests in China, cited financial difficulties for its dissolution.China Labor Bulletin, a Hong Kong-based group that tracked worker unrest in China and was started by a former pro-democracy protest leader, said on Thursday that it was shutting down because of financial difficulties.The group said that because of “financial difficulties and debt issues,” it could no longer maintain operations and had “decided to dissolve.” It said that it would stop updating content on its website and social media platforms.China Labor Bulletin, a resource for journalists and academics about worker unrest in China, was founded in 1994 by Han Dongfang, who had been one of the leaders of pro-democracy protests around Tiananmen Square in 1989. Over the years, the organization has closely monitored some of China’s biggest labor disputes. It regularly updated a map of labor strikes across the country, and published reports on companies and industries with known labor concerns.But in recent years, as the space for civil society in China narrowed and labor activists were monitored and harassed, Mr. Han directed his employees to focus on cases of labor unrest that involved foreign companies subject to foreign laws.Mr. Han was one of the last remaining labor rights activists not in hiding in Chinese territory. He continued to operate his group from Hong Kong, even as other China-focused civil society groups started closing or leaving from 2020, when Beijing imposed a national security law that has dismantled civil rights protections that gave the city its semiautonomous status.Mr. Han was not available by phone on Friday morning. A guard in the lobby of the building where China Labor Bulletin had its office said the group had moved out a month ago. Outside the doors of its office on the 26th floor, the organization’s sign had been taken down.In an interview last year, he told The New York Times that he was certain his offices were being surveilled by China’s state security and local national security police. But, he added, “I prefer to be open rather than to hide.”But academics have warned that China Labor Bulletin, and Mr. Han, could become a target of Beijing’s tightening grip on Hong Kong under the guise of national security because it is funded in part by a charity registered in the United States.Hong Kong and Beijing authorities have increasingly leaned on new national security legislation to arrest and charge activists, often citing links to foreign funding and organizations overseas as grounds for the arrests.On Thursday night, Beijing national security authorities operating in Hong Kong raided the homes of six people and the office of an organization that the government said it suspected of committing “collusion with a foreign country or with external elements to endanger national security.” The Hong Kong authorities, which participated in the investigation, did not name the individuals or the organization. More

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      Trump Signs Executive Orders Intended to Jolt U.S. Drone Manufacturing

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      President Trump also eased restrictions on commercial drone flights and called for the revival of supersonic flights for nonmilitary aircraft.President Trump on Friday signed executive orders aimed at bolstering the U.S. drone industry, cracking down on unauthorized, unmanned flights and countering threats to national security and public safety.The orders sought to expand opportunities for commercial and recreational drone use, and tighten restrictions to address security threats. American officials have been concerned about foreign adversaries using drones to spy on sensitive areas, including military installations, and about China’s dominance of the drone market, which they see as a national security threat.“Building a strong and secure domestic drone sector is vital to reducing reliance on foreign sources, strengthening critical supply chains and ensuring that the benefits of this technology are delivered to the American people,” one of the orders said.Mr. Trump’s drone orders were part of a broader federal push into airborne technology. A third order he signed on Friday sought to revive high-speed commercial air travel, by repealing regulations prohibiting cross-country supersonic flights, which for decades have precluded nonmilitary air travel over land at faster-than-sound speeds.Democratic and Republican administrations, as well as Congress, have grappled in recent years with the risks posed by Beijing’s role in drone manufacturing. The United States has struggled to develop alternatives at a scale necessary to wean drone operators, including the U.S. military, completely off Chinese components.At the same time, the growing popularity of both commercial and recreational drones, and an increase in incidents of drones flying over sensitive sites, have heightened demand for regulations.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Jacob Long’s Big Bet on American Woolen, a Connecticut Textile Mill

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      On a recent afternoon, Jacob Long gave a tour of the Connecticut wool mill that has become his biggest investment, his life’s mission and an unrelenting source of worry.A factory building murkily lit even in daylight, the vast space contains 40 high-speed looms, as well as decommissioned spinning equipment that was thrown in when he bought the mill 11 years ago even though he had no experience in textile manufacturing.Mr. Long, 54, talks quickly and bounds rather than walks. More than one colleague described him as the Energizer Bunny. He wears slim-fitting dress shirts, slim-cut trousers and chunky, stylish eyeglasses. Having worked as a banker in Europe for 25 years, he now comes off as a stranger in his own country: He speaks fluent Italian and sometimes struggles to come up with the American word or phrase to describe something.He led the way past the old, idle equipment to a prized new machine, a German-made sample warper that cost $300,000. It was an essential part of his grand plan to revive America’s craft textile heritage — and finally make a profit.“I convinced my wife to sell her last apartment in Italy to buy this machine,” Mr. Long said, adding with a nervous laugh: “Please don’t talk to my wife.”For a decade, Mr. Long has been delivering a well-worn — and largely ignored — sales pitch for his improbable venture, comparing it to the craft breweries that uplifted local economies with an emphasis on quality over quantity.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Pledges to Double Tariffs on Foreign Steel and Aluminum to 50%

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      President Trump made the announcement at a U.S. Steel factory outside Pittsburgh.President Trump said on Friday that he would double the tariffs he had levied on foreign steel and aluminum to 50 percent, a move that he claimed would further protect the industry.The announcement came as Mr. Trump traveled to a U.S. Steel factory outside Pittsburgh to hail a “planned partnership” that he helped broker between U.S. Steel and Nippon Steel, a corporate merger that he opposed last year as a presidential candidate. Although the details of the U.S. Steel deal are still murky — and Mr. Trump later admitted he had not yet seen or signed off on it — the president used the moment to cast himself as a champion of the embattled industry.Speaking to a crowd of steel workers, Mr. Trump claimed that foreign countries had been able to circumvent the 25 percent tariff he put in place this year. The higher tariffs would “even further secure the steel industry in the United States,” Mr. Trump said.It is not clear how much doubling the tariff rate would actually bolster the domestic steel sector, but the move gave Mr. Trump the opportunity to wield tariffs at a time when his other import taxes have proved vulnerable to legal challenges.In a post on Truth Social, Mr. Trump said that the tariffs would take effect on June 4 and that they would provide a “big jolt” to American steel and aluminum workers.Mr. Trump has in recent weeks announced large tariffs only to quickly reverse himself and pause them. Analysts suggested on Friday that Mr. Trump could be seeking new ways to gain leverage over trading partners as the pace of negotiations has proved to be painfully slow.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump’s Tariffs Turn Porsche’s Headwinds Into a ‘Violent Storm’

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      The storied sports car maker, which was facing challenges from China and slumping demand for electric cars, now has to grapple with tariffs from the Trump administration.This year was already shaping up to be a tough one for Porsche. Chinese customers were losing interest in the luxury sports car, its bet on electric vehicles was failing with drivers long enamored by the rumble of its combustion engines and its stock price hovered near record lows.Then President Trump imposed a 25 percent tariff on all cars imported to the United States starting in April. Last week, he doubled down on that, threatening a 50 percent tariff for all products from the European Union, sending Porsche’s shares tumbling further and E.U. leaders and auto executives scrambling to make a deal.All of Europe’s leading carmakers have been hit by the tariff turbulence, at a time when they are already facing increasing competition from Chinese automakers. But unlike BMW, Mercedes-Benz and Volkswagen, Porsche manufactures its vehicles exclusively in Germany, leaving it more vulnerable to the combined threat of advancements from China’s rivals and tariff increases in the United States.“It is literally a perfect storm,” said Harald Hendrikse, a managing director covering the European auto sector at Citi Research. “You have a triple threat, which is China, an E.V. strategy that was wrong — despite being lauded at the time — and then Trump’s tariffs, which nobody had guessed would be as severe as they are.”That has led Porsche to scale back its forecast for the year, by about 2 billion euros, or $2.2 billion. Its profit margin range is also expected to drop between 6.5 percent and 8.5 percent, from 10 percent to 12 percent.“Our market in China has literally collapsed,” Porsche’s chief executive, Oliver Blume, told shareholders at the company’s annual conference on May 21. “U.S. import tariffs are weighing on our business.”We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Data Centers’ Hunger for Energy Could Raise All Electric Bills

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      Individuals and small businesses may end up bearing some of the cost of grid upgrades needed for large electricity users, a new report found.Individuals and small business have been paying more for power in recent years, and their electricity rates may climb higher still.That’s because the cost of the power plants, transmission lines and other equipment that utilities need to serve data centers, factories and other large users of electricity is likely to be spread to everybody who uses electricity, according to a new report.The report by Wood MacKenzie, an energy research firm, examined 20 large power users. In almost all of those cases, the firm found, the money that large energy users paid to electric utilities would not be enough to cover the cost of the equipment needed to serve them. The rest of the costs would be borne by other utility customers or the utility itself.The utilities “either need to socialize the cost to other ratepayers or absorb that cost — essentially, their shareholders would take the hit,” said Ben Hertz-Shargel, who is the global head of grid edge research for Wood MacKenzie.This is not a theoretical dilemma for utilities and the state officials who oversee their operations and approve or reject their rates. Electricity demand is expected to grow substantially over the next several decades as technology companies build large data centers for their artificial intelligence businesses. Electricity demand in some parts of the United States is expected to increase as much as 15 percent over just the next four years after several decades of little or no growth.The rapid increase in data centers, which use electricity to power computer servers and keep them cool, has strained many utilities. Demand is also growing because of new factories and the greater use of electric cars and electric heating and cooling.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      A CEO’s Guide to Surviving Trump’s Trade War

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      Randy Carr, whose family business makes embroidered patches, is always on high alert for the competition. But with on-again-off-again tariffs, he’s just trying to keep up with the rules.Randy Carr watched the news on his laptop the way you look at a doctor about to administer a shot — nervously and braced for pain. It was April 2, and President Trump was in the Rose Garden about to unveil new tariffs.An upbeat, slightly jacked 52-year-old, Mr. Carr is the chief executive of World Emblem, a privately held company based in Fort Lauderdale, Fla., that produces about 150 million embroidered patches a year, most of which end up on shirts and hats. He radiates so much energy that even sitting down he appears to be set on vibrate. He’s intense about everything, including his diet, which he described one recent afternoon, karate chopping a tabletop for emphasis.Two hundred grams of protein a day (bam!), lots of vegetables (bam!), low carbs (bam!), no sugar (bam!). He gets up at 5 a.m. to lift weights every morning and runs five miles every afternoon.“It’s about being the best I can be every day, for everybody here,” he said. “I wouldn’t want to compete with this company.”His father started World Emblem in 1990, with two machines in a warehouse in a suburb of Miami. The company’s fortunes were improving by the time it opened a factory in Mexico, in 2005. Today that operation is the size of eight football fields and employs more than 800 people. In a typical week, it produces about 2.5 million emblems.World Emblem’s factory in Aguascalientes covers eight football fields.Fred Ramos for The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Trump Administration Looks to Take Steps to Ease Pain From Car Tariffs

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      The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.The Trump administration said it plans to announce measures as early as Tuesday to ease the impact of tariffs on imported cars and car parts to give automakers more time to relocate production to the United States.Tariffs of 25 percent on imported vehicles and on auto parts will remain in place. But the tariffs will be modified so that they are not “stacked” with other tariffs, for example on steel and aluminum, a White House spokesman said. Automakers will not have to pay tariffs on those metals, widely used in automobiles, on top of the tariffs on cars and parts.In addition, automakers will be reimbursed for some of the cost of tariffs on imported components. The reimbursement will amount to up to 3.75 percent of the value of a new car in the first year, but will be phased out over two years, the spokesman confirmed.A 25 percent tariff on imported cars took effect April 3. On Saturday, the tariffs are set to be extended to include imported parts.“President Trump is building an important partnership with both the domestic automakers and our great American workers,” Howard Lutnick, the commerce secretary, said in a statement. “This deal is a major victory for the president’s trade policy by rewarding companies who manufacture domestically, while providing runway to manufacturers who have expressed their commitment to invest in America and expand their domestic manufacturing.”But even with these changes, there will still be substantial tariffs on imported cars and auto parts, which will raise prices for new and used cars by thousands of dollars and increase the cost of repairs and insurance premiums.The modification to the tariffs was reported earlier by The Wall Street Journal. Mr. Lutnick helped automakers secure a major exemption from tariffs in March and has taken on a role advocating relief for some industries hit by the levies.Automakers welcomed the change. “We believe the president’s leadership is helping level the playing field for companies like G.M. and allowing us to invest even more in the U.S. economy,” Mary T. Barra, the chief executive of General Motors, said in a statement on Monday. “We appreciate the productive conversations with the president and his administration and look forward to continuing to work together.” More