Kraft Heinz just announced plans to invest $3 billion in its U.S. plants. But companies that make clothes and toys, which have low margins and are difficult to produce with robots, will have a harder time relocating.
The U.S. and China have agreed to temporarily rollback on some tariffs. Adam Posen, president of the Peterson Institute for International Economics, puts today’s deal into context.
Despite the collapse of the Francis Scott Key Bridge last March, the Port of Baltimore reported its second-best year ever in 2024. But as expectations for 2025 waver, Sue Monaghan is trying to keep calm and carry on.
Specifics are still TBD, but the U.K. got a reprieve on auto, steel and aluminum tariffs, while the U.K. may open up to more U.S. agricultural products.