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US auto tariffs do not fall only on foreign manufacturers; they tax a single production system spanning Michigan, Ontario and Mexico, raising costs for all. The post Auto Tariffs Hit North America Supply Chain appeared first on The Rio Times.
Indian PM Narendra Modi warned that the interconnected systems that once united the world like supply chains, trade and tech have become instruments of coercion. He said at the Bloomberg New Economy Forum that India stands apart with a different approach. (Source: Bloomberg)
Raw sugar futures extended gains, with worries about tighter global supplies mounting because of weather and production concerns across top growers.
China spent decades building a dominant position across rare-earth mining, processing and magnet manufacturing, leaving the US dependent on a foreign supply chain for materials essential to everything from vehicles and wind turbines to electronics and defense systems. MP Materials is now trying to rebuild that chain domestically, moving from its Mountain Pass mine in California into refining. But catching up will take more than finding minerals: the US still faces higher costs, limited processing capacity, opaque pricing and a Chinese lead that industry experts say took roughly 25 years to build. (Source: Bloomberg)
Copper steadied as investors honed in on potential shifts in supply and as a Chinese national holiday was set to damp trading volumes.