Harley-Davidson is reopening its factories this week at lower production rates and sending dealers a narrower range of motorcycles, steering away from more expansive plans to stop a yearslong sales slide.
U.S. manufacturers preparing to resume production after a month of lockdowns are returning to work without a reliable supply of parts from plants in Mexico, the majority of which remain idled by restrictions to slow the spread of the coronavirus.
U.S. steel companies are slashing production to match the collapse in demand and in anticipation that orders and prices will fall further.
Bob TitaThe U.S. steel industry is in its most severe downturn since the 2008 financial crisis, as steelmakers ratchet back output and shed workers, expecting orders and prices have further to fall wsj.com/articles/steel… via @WSJ
The Trump administration will move swiftly to implement tariffs on $7.5 billion of imports from the European Union, following a decision from the World Trade Organization that authorized tariffs due to EU subsidies of Airbus.
Manufacturers are racing to shore up supplies of steel and aluminum, as the Trump administration considers an end to some tariff exemptions that could tighten supplies and push prices of both metals up further.
President Trump’s bid to stanch imports flowing into the U.S. steel market is fighting strong currents: Domestic prices that are among the world’s highest and a buoyant dollar that pushes down the cost of imports.