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Trump Sets 100% Chip Tariffs Unless Firms Invest in U.S.

William Attardi on August 7, 2025

President Trump said he would impose roughly 100% tariffs on all chips coming into the U.S. but exempt tech companies that have promised to manufacture domestically, a big win for Apple and other electronics firms worried about new trade challenges. Trump’s announcement came at an event trumpeting a new $100 billion investment pledge from Apple. The company has increased its commitments in the U.S. but stopped short of moving iPhone production to the U.S. as Trump wants. The company’s $100 billion promise adds to a $500 billion, four-year commitment Apple made in February that repackaged much of Apple’s existing spending plans in the U.S. Nearly every major tech firm has promised to put more into their U.S. operations, resulting in over $2 trillion in new pledges in the past seven months. f16AjRmObp1pmp4xDQAH-WSJNewsPaper-8-7-2025.pdf

U.S. Reaches Trade Deal with Europe

William Attardi on July 27, 2025

The European Union and the United States agreed on Sunday to a broad-brush trade deal that sets a 15 percent tariff on most goods, including cars. In addition:

  • The European Union had agreed to purchase $750 billion of American energy
  • EU to increase its investment in the United States by more than $600 billion above current levels.
  • EU would buy military equipment
  • No tariffs would be imposed on some goods.

The agreement will “rebalance, but enable trade on both sides,” Ursula von der Leyen, the president of the European Commission said. The European Union last year accounted for nearly $610 billion of the $3.3 trillion in goods imported by the United States.

U.S. Reaches Trade Deal With Europe – The New York Times

Trump Announces ‘Massive’ Trade Deal with Japan with 15% Tariffs by Lim Hui Jie

William Attardi on July 23, 2025

President Donald Trump on Tuesday stateside announced that he had made the “largest Deal ever” with Japan, that involves “reciprocal” tariffs of 15% on the country’s exports to the U.S.

  • Trump said that Japan will invest $550 billion into the United States, adding that the U.S. will “receive 90% of the Profits.”
  • He also said Japan will “open their Country to Trade including Cars and Trucks, Rice and certain other Agricultural Products, and other things.”
  • The U.S. president added that the deal would also create “Hundreds of Thousands of Jobs.”  Trump announces ‘massive’ trade deal with Japan with 15% tariffs

Schneider Electric to Invest Over $700 Million in the U.S.

William Attardi on March 26, 2025

 The company’s investments support the country’s focus on bolstering the nation’s energy infrastructure to power AI growth, boost domestic manufacturing, and strengthen energy security. The investment is the largest planned single capital expenditure commitment by Schneider Electric in its 135+ year history. It includes manufacturing expansions and job growth, reflecting the company’s robust customer demand for solutions to increase energy efficiency, scale industrial automation, and deliver a more reliable grid. Coupled with previous investments in 2023 and 2024 to strengthen its North American supply chain, Schneider Electric’s latest U.S. planned investment will surpass $1 billion so far this decade. This new planned investment is expected to create over 1,000 new jobs and help Schneider Electric continue to play a leading role in shaping a more innovative, affordable, and energy-efficient future in the U.S. Schneider Electric to Invest Over $700 Million in the U.S. – tEDmag 

Hitachi Energy Commits $250M to Address Transformer Shortage

William Attardi on March 10, 2025

Electricity demand associated with artificial intelligence and data center development mean “the need for transformers has surged beyond initial projections,” Hitachi Energy said. Hitachi Energy on Monday announced a $250 million investment to expand global production of critical components for electrical transformers, including “enhancing production capacity at the company’s transformer factories in Virginia, Missouri, and Mississippi.” Power management company Eaton announced in February that it will invest $340 million to increase U.S. production of its three-phase transformers. Production and hiring is expected to begin in 2027 at the company’s production facility in Jonesville, South Carolina. Hitachi Energy commits $250M to address transformer shortage | Utility Dive

It’s Back to School – How Some of Our Most Acknowledged Universities Got Their Name – Who were the true visionaries who would donate half of their estate to sculpting the minds of the future. These stories are monuments to history and culture. Let’s take a stroll through academia’s memory lane and uncover the origins of these storied university names!

  1. Ah, Harvard! The Ivy League giant was once a small college in the Massachusetts Bay Colony settlement called New Towne. But where did “Harvard” come from? Enter John Harvard, a clergyman who, in 1638, decided to bequeath half his estate and his library (a whopping 400 books!) to the fledgling college. Grateful for this generous gift, they promptly named the institution after him.
  2. A gem of New Haven, Connecticut, Yale is another Ivy League powerhouse known for its prestigious law and drama schools. It owes its name to Elihu Yale, a wealthy merchant who, in 1718, donated a modest shipment of goods (including portraits, books, and textiles) to a struggling collegiate school. Those goods were auctioned off, raising a much-needed £562 –a small fortune at the time.
  3. Dartmouth is renowned for its beautiful rural setting, nestled in the picturesque town of Hanover, New Hampshire. It was named after the Earl of Dartmouth, William Legge, a British nobleman who supported the college’s founding –despite never actually setting foot in America!
  4. Brown, this Rhode Island Ivy University, known for its open curriculum and emphasis on student choice, was founded with a mouthful of a name – the College in the English Colony of Rhode Island and Providence Plantations. It was renamed in 1704 for Nicholas Brown, Jr., a prominent merchant whose family donated generously to the school.
  5. Perched atop a hill overlooking Ithaca, New York, Cornell is celebrated for its diverse academic programs and its stunning natural surroundings. Founded by Ezra Cornell and Andrew Dickson White, this university was unique for its commitment to practical education, allowing students the freedom to choose their own course of study. It was a revolutionary notion at the time, which would guide a curricular reform across the country.
  6. Located in the heart of Silicon Valley, Stanford is renowned for its entrepreneurial spirit and its close ties to the tech industry. But this California powerhouse has a touching origin story. Leland Stanford, Jr., the founder’s son, tragically died young from typhoid fever. His father Leland Sr., railroad magnate and former state governor, and his mother Jane, founded the university in his memory, ensuring his legacy lived on through the pursuit of knowledge.
  7. This North Carolina research giant, known for its strong medical and law schools, underwent a bit of a name change in its history. Originally called Trinity College, it was renamed Duke University in 1924 after James Buchanan Duke, a tobacco and electric power industrialist who founded the American Tobacco Company. He established The Duke Endowment, to which he donated throughout his life and left half his estate after his death.
  8. Nestled in Nashville, Tennessee, Vanderbilt is a renowned research university with a vibrant campus life. It owes its name to “The Commodore,” Cornelius Vanderbilt, a shipping and railroad magnate, who provided the initial gift to establish the university.
  9. Texas businessman William Marsh Rice provided the initial funding for this Houston university, but did not live to see its opening. He was murdered by his valet as he slept, in a plot to forge the man’s will. Despite the unfortunate circumstances, Rice University flourished through the years, becoming an institution known for its strong engineering and science programs.
  10. Who was Harvard named after? Origin of university names