Biden’s tariff move comes after his nation’s turbulent relationship with China has stabilized in recent months amid a flurry of diplomatic engagements.

Korean authorities will also continue to seek to secure key battery materials so domestic manufacturers can maintain their competitiveness in the U.S.

The U.S. has the potential to reclaim its throne as one of the world's manufacturing powerhouses — but not in the ways other countries have achieved this mission.

With inflation and interest rates easing, manufacturing investment is on the rise. Several large manufacturers have said they plan to increase capital investments and merger and acquisition deal-making in 2024.

Implementing advanced technologies such as an MES allows businesses to alleviate the immediate challenges associated with staffing shortages, and lay the groundwork for long-term workforce resilience.

By practicing foresight and preparing for the inevitable hiccup, manufacturers can go a long way toward ensuring that a shortage of microchips doesn't cause their facilities to lay dormant. 

Leaders began negotiating on treaty language for the first time, progressing from previous sessions that had focused more on high-level ideas.

The U.S. must figure out how it will develop a domestic mining network that can supply car manufacturers with the materials they need to make vehicles and batteries.