All articles tagged with #onshoring
President Trump signed a proclamation imposing new tariffs on imported drones and components (up to 100% on some advanced drones) and authorizing a Commerce Department onshoring push to spur U.S. production; investors pushed UMAC, RCAT, ONDS, AVAV, and KTOS higher overnight in response, with gains ranging from about 1% to 21% as traders priced in the policy’s effects on the drone supply chain.
Trump outlined a phased tariff plan on imported generic drugs: zero tariffs for two years starting Aug 1, 2026, then a 100% levy in Aug 2028 and 200% a year later, while tariffs on patented drugs stay the same. The move aims to force generic manufacturers to relocate production to the U.S. as part of a broader push to lower drug prices and reshape supply chains, amid ongoing dynamics with India and China in pharma.
The US Army will allow several companies—REalloys Inc., Titan Mining Corp., ioneer Ltd., and Energy Exploration Technologies Inc.—to build critical minerals processing plants at U.S. military bases, including locations like Toole Army Depot (UT), Pine Bluff Arsenal (AR), and Anniston Army Depot (AL). The initiative aims to boost domestic production of rare earths, graphite, lithium, and boron and reduce reliance on imports (notably from China), strengthening the defense-industrial base.
The FCC has barred the sale of new consumer Wi‑Fi routers manufactured outside the United States, requiring Conditional Approval for foreign-made models and signaling a shift toward onshore production. Existing routers and those already on sale aren’t affected, but imports of new overseas-made routers will need FCC clearance, which could lead to higher prices as manufacturers adapt and seek exemptions.
Taiwan’s top trade official called Washington’s bid to move 40% of the island’s semiconductor supply chain to the U.S. 'impossible,' arguing the mature ecosystem cannot be relocated. The stance comes as Taiwan and its chip giant TSMC continue expanding in the U.S. under CHIPS Act incentives, despite analysts’ view that relocating such a complex supply chain is impractical due to costs, labor constraints, and geopolitical considerations like the Silicon Shield.
The Financial Times reports the United States will invest $1.6 billion for a 10% stake in Oklahoma-based USA Rare Earth (16.1 million shares plus warrants for 17.6 million at $17.17) and pair it with a separate $1 billion private financing, as part of a broader push to onshore critical minerals for the semiconductor supply chain. The deal would support USA Rare Earth's Sierra Blanca, Texas mine and Stillwater, Oklahoma magnet facility with first-half 2026 commercial operation targeted; Cantor Fitzgerald is leading the fundraising.
GM says the next-generation Buick compact SUV will be built in the United States at Fairfax Assembly in Kansas City, Kansas, starting in 2028 for domestic sales, while production in China may continue for other markets. The shift aligns with U.S. pressure to onshore manufacturing amid tensions with China and tariffs; the Buick Envision has been produced in China for the U.S. since 2017, and the new model will join the Chevrolet Equinox at Fairfax after Bolt production ends, with GM highlighting roughly $5.5 billion in recent U.S. manufacturing investments to support jobs.
Under President Trump, the U.S. manufacturing sector is experiencing a significant boom with billions in investments from major corporations like Stellantis, Whirlpool, and GE Aerospace, leading to thousands of new jobs and a focus on revitalizing American industry and economic dominance.
Nvidia CEO Jensen Huang advocates for the US to reduce dependency on foreign countries by investing in onshore manufacturing and AI technology, emphasizing the importance of domestic industry for economic stability and growth, while also discussing AI's potential in healthcare and physical applications. He highlights the need for global standards and safety practices in AI development.
Texas Instruments announced plans to invest over $60 billion in U.S. manufacturing, including building or expanding seven chip facilities in Texas and Utah, creating 60,000 jobs, and marking the largest investment in foundational semiconductor manufacturing in U.S. history, as part of a broader industry push to reshore chip production amid political and economic pressures.