Tag: Washington (state)

HardwareManufacturingTechnology

Apple Shifts Vision Pro Production to Vietnam Amid Supply Chain Realignment

Apple’s latest Vision Pro headset featuring the M5 chip will be manufactured in Vietnam rather than China, according to reports. The move represents another step in Apple’s ongoing supply chain diversification strategy amid geopolitical tensions.

Production Shift to Vietnam

Apple’s updated Vision Pro headset arriving in stores tomorrow will feature a significant manufacturing change, with the device now being assembled in Vietnam rather than China, according to reports from Bloomberg. The new model, which includes the M5 chip and updated Dual Knit Band, will carry a “Product of Vietnam” label on its packaging—a notable departure from the original version manufactured in China.

by Bennett Laura
PolicyTrade

Bank of England Chief Warns Global Economy Faces Brexit-Like Trade Damage

Bank of England Governor Andrew Bailey has pointed to Brexit as a warning to the global economy about the damaging effects of trade barriers. According to his remarks at the Group of Thirty meeting, erecting trade restrictions negatively impacts growth despite eventual adaptation. The comments come as finance leaders gather for IMF meetings where tariffs dominate discussions.

Brexit Serves as Global Trade Warning

Bank of England Governor Andrew Bailey has pointed to Brexit as a cautionary example of how trade barriers can damage economic growth, according to reports from Washington where global finance leaders are meeting. Sources indicate Bailey told the Group of Thirty gathering that Britain’s departure from the European Union continues to weigh on the nation’s economic prospects despite some adaptation by businesses.

by Bennett Laura
Assistive TechnologyEnergy

Amazon Partners With X-Energy on Major Small Modular Nuclear Reactor Initiative

Amazon is moving forward with plans to power its cloud operations with small modular nuclear reactors through a major partnership with X-Energy. The companies plan to deploy up to 960 megawatts of nuclear capacity at a Washington state facility, though regulatory and technological hurdles remain before construction can begin later this decade.

Major Nuclear Investment for Cloud Power Needs

Amazon is moving forward with ambitious plans to power its cloud infrastructure using small modular nuclear reactors, according to recent reports. The technology giant has partnered with nuclear startup X-Energy in a $500 million investment announced last fall, with plans to eventually deploy 960 megawatts of nuclear capacity in Washington State.

by Ortega Rafael
BusinessPolicy

Ontario Premier Demands Trade Retaliation After Stellantis Shifts $13B Jeep Production to US

Ontario Premier Doug Ford is calling for economic retaliation against the US after Stellantis announced it’s shifting Jeep Compass production from Canada to Illinois. The automaker’s $13 billion US manufacturing expansion comes amid ongoing trade tensions between the two countries.

Canadian Auto Sector Faces Major Blow

Ontario Premier Doug Ford is urging Canada to implement retaliatory trade measures after automaker Stellantis confirmed it’s moving planned Jeep Compass production from Brampton, Ontario to Illinois, according to reports. The decision comes as part of the company’s $13 billion investment to expand its US manufacturing capacity, dealing a significant blow to Canada’s auto industry.

by Bennett Laura
International Business and TradePolicy

US-China Rare Earth Tensions Escalate as Trade Dispute Intensifies

Trade tensions between Washington and Beijing have intensified over rare earth export controls, with both sides accusing the other of blindsiding their trade counterparts. Chinese state media has issued a detailed rebuttal to US claims about export restrictions as the diplomatic standoff continues.

Rare Earth Dispute Escalates Between World’s Largest Economies

Trade tensions between the United States and China have intensified significantly over rare earth export controls, with both nations exchanging accusations ahead of an anticipated meeting between their leaders, according to reports from Reuters. The dispute centers around China’s new licensing regime for rare earth elements, which are crucial components in electronics, renewable energy technologies, and defense systems.

by Bennett Laura
International Business and TradePolicy

US Offers China Trade Truce Extension in Exchange for Rare Earth Export Delay

Treasury Secretary Scott Bessent has presented China with a potential path out of the ongoing trade standoff, offering to extend the current tariff truce in exchange for delaying implementation of rare earth export controls. The proposal comes as both nations approach a potential presidential summit later this month in South Korea.

US Proposes Trade Compromise Amid Rare Earth Tensions

Treasury Secretary Scott Bessent has adopted a dual approach in the latest China trade negotiations, according to reports from Washington, simultaneously criticizing Chinese officials while offering a potential compromise to resolve the escalating rare earth elements dispute.

by Ortega Rafael