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Nestle, the world's largest packaged-food company, is trimming its workforce by 16,000 over the next two years as it seeks to "substantially" reduce costs under its new CEO Philipp Navratil.
In the Thursday announcement, Navratil established a new goal to achieve cost savings of 3 billion Swiss francs by the end of 2027, which is higher than its previous target.
"As Nestle moves forward, we will be rigorous in our approach to resource allocation, prioritizing the opportunities and businesses with the highest potential returns," Navratil said.
HOW THE NESTLE CEO'S INAPPROPRIATE RELATIONSHIP WITH A SUBORDINATE WAS UNCOVERED
The chief executive, only a month into the job, said the company needs to "do more and move faster to accelerate" its growth momentum. To do this, Navratil said Nestle is looking to be "bolder in investing at scale" and to leverage innovation to spur growth and boost value. 
"We are fostering a culture that embraces a performance mindset, that does not accept losing market share, and where winning is rewarded," he said, adding that the actions the company is making, including reducing its headcount, "will secure Nestle's future as a leader in our industry" while delivering shareholder value.
When Navratil took the helm, board Chairman Paul Bulcke commended "his impressive track record of achieving results in challenging environments."
NESTLE CEO LAURENT FREIXE OUSTED OVER INAPPROPRIATE WORKPLACE RELATIONSHIP WITH SUBORDINATE
Since taking over, Navratil has been working to set the company on a path toward growth after a turbulent year in which former CEO Laurent Freixe was ousted over an inappropriate workplace relationship less than a year after his appointment.
In September, Freixe, who had been credited with being central to shaping the company's strategy and portfolio, was removed following an investigation into a romantic relationship with a direct subordinate that violated Nestle's code of business conduct. Freixe is leaving the company without an exit package.
CRACKER BARREL DISMISSES CRITICS AS 'VOCAL MINORITY' WHILE RIVAL RESTAURANT ADDS TO BACKLASH
Freixe's ousting had been the latest setback for a company whose prior CEO, Ulf Mark Schneider, stepped down voluntarily due to underperformance concerns.
The company had a sluggish first half of fiscal 2025 with 2.9% organic growth, with most of that driven by pricing increases rather than higher sales volumes. Real internal growth (RIG), which measures volume and product mix, edged up just 0.2%, which underscored soft consumer demand and volume pressures.
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By the third quarter, however, performance had improved, with Nestle delivering 4.3% organic sales growth.

via: https://www.foxbusiness.com/markets/nestle-cut-16000-jobs-part-cost-savings-initiativ

Often unmarked and hidden from commercial tracking systems, a growing fleet of "ghost ships" is quietly delivering sanctioned Russian oil to ports in China and India - intensifying tensions with Washington as high-stakes trade negotiations unfold with both countries.
President Donald Trump said Wednesday India has agreed to stop the practice of purchasing discounted Russian crude and re-exporting refined oil products on the global market, a tactic that props up Moscow's wartime economy.
TRUMP TO HIKE INDIA TARIFFS, ACCUSES COUNTRY OF FUELING 'RUSSIAN WAR MACHINE'
Trump has previously used tariffs on Indian imports as economic leverage, framing the move as part of a broader strategy to hold nations accountable for unfair trade practices and for undercutting Western sanctions.
Trump said that India cannot "immediately" halt oil shipments, adding that it will be "a little bit of a process, but the process is going to be over with soon."
Central to Trump's argument is a covert network of nondescript oil tankers - often referred to as "ghost ships" - that quietly ferry Russian crude in defiance of G7 price caps and European Union sanctions imposed following the Kremlin's unprovoked invasion of Ukraine.
"Russia is able to avoid some of the worst parts of sanctions against its energy exports with its shadow fleet," Benjamin Jensen, director of the Futures Lab at the Washington, D.C.-based Center for Strategic and International Studies (CSIS) think tank, told Fox News Digital in an earlier interview.
"Energy is the lifeblood of the Kremlin's economy," Jensen said. "The hard cash they earn from exports allows them to quickly pay new contracted soldiers and produce more weapons."
He added that countries that continually purchase sanctioned oil are "actively supporting Russia in its war."
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Despite U.S. sanctions, China is the leading importer of Iranian oil and the second-largest buyer of Russian crude, much of which is funneled through the growing fleet of untracked "ghost ships."
The discreet maritime network of "ghost ships" is drawing renewed attention as the Trump administration steps up economic pressure to end the Kremlin's war in Ukraine.
Jensen, who is also a senior fellow at the CSIS, said Russia's "ghost fleet" employs several evasion tactics to circumvent U.S. sanctions.
CHINA'S OIL TIES WITH RUSSIA AND IRAN ARE TRADE FLASHPOINTS, US SAYS
These ships often operate under foreign flags to obscure their origins, frequently change names, transfer ownership through shell companies, disable transponders to evade tracking, and conduct mid-sea transfers to conceal their cargo.
"Imagine one ship leaving port, meeting another in international waters, transferring its goods, and then that second ship continuing the journey," Jensen told Fox News Digital of the ship-to-ship transfers.
"In some cases, the crews might not even fully always appreciate that they're transporting illegal Russian oil," added Jensen.
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Earlier this year, the 19-year-old crude oil tanker named Eventin was seized by German authorities after the ship suffered engine failure in the Baltic Sea. The vessel was previously identified as a ship that exports Russian crude oil and other petroleum products.
German authorities discovered that the Panama-flagged vessel, which was previously named Charvi and Storviken, was carrying 99,000 tons, or approximately $45 million worth, of Russian oil.
Jensen said that while some ships in the shadow fleet have been intercepted, a comprehensive, whole-of-government approach is needed. 
He described one that brings together the intelligence community, law enforcement, and agencies like the Commerce and Treasury departments to coordinate with international partners, seize vessels and make it increasingly difficult for Russia to circumvent sanctions.
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"You are never going to be able to completely stop all oil smuggling, but you can reduce it and make it harder and harder to do," Jensen said.
"But don't think this is only a China or Iran or North Korea issue. There's a lot of countries where commercial actors see the opportunity to increase their profit margins, and that makes ghost ship oil more attractive."

via: https://www.foxbusiness.com/politics/secret-fleet-ghost-ships-moving-russias-oil-could-soon-enter-trumps-crosshair

Treasury Secretary Scott Bessent on Wednesday said the ongoing government shutdown could be costing the U.S. economy billions of dollars per day.
Bessent said at a news conference the partial government shutdown is "starting to cut into muscle here" as the shutdown continues into its third week.
"We believe that this shutdown may start costing the U.S. economy up to $15 billion a day," Bessent said. The Treasury Department later clarified that he meant $15 billion a week. The shutdown began on Oct. 1, as Congress and the White House hadn't enacted a funding bill when fiscal year 2026 began that day.
The Treasury secretary called for moderate Democrats in the Senate to "be heroes" and to "break away from the hive of radicalism" by supporting the Senate Republicans' continuing resolution and voting to "reopen the government for the American people."
TRUMP OFFICIAL SAYS FEDERAL JOB CUTS WILL TOP 10K DURING SHUTDOWN AS JUDGE PUTS FIRINGS ON HOLD
Senate Democrats have blocked the stopgap funding measure nine times following another failed vote on Wednesday. Democrats are calling for an extension of health insurance subsidies under Obamacare that are set to expire this year. The temporary subsidies, which are direct payments made to insurance companies in exchange for lower premiums, were passed in the American Rescue Plan in 2021, and extended to the end of 2025 in the Inflation Reduction Act. The law allowed for those making 400% above the poverty level to qualify for the subsidized premium rates. 
Government shutdowns have occurred periodically since 1995, when Republicans gained control of Congress for the first time in 40 years. Non-essential workers are furloughed during a shutdown, while essential workers remain on the job - though both groups don't receive paychecks under federal law until the lapse in government funding ends.
Shutdowns have typically had a minimal impact on the economy, though it's unclear at this time what the current shutdown's toll will be.
SWEEPING LAYOFFS 'HAVE BEGUN' AS GOVERNMENT SHUTDOWN DRAGS ON
Federal Reserve Bank of Chicago President Austan Goolsbee said in a discussion moderated by FOX Business' Edward Lawrence earlier this month at the Midwest Agriculture Conference that while the central bank isn't involved during shutdowns, the economic impact varies based on the duration and scale of the federal funding lapse.
"Historically, not-super-wide shutdowns that don't last for very long kind of do nothing to the aggregate economy because, yeah, they weren't paid, but people's spending doesn't go down because they know they're going to be paid eventually," Goolsbee said.
"So it depends how long this goes. It depends how wide it is. If there are reasons why this shutdown looks different than previous ones, then we would have to revise. But that's kind of the starting point," he added.
PREDICTION MARKETS SEE CLOUDY OUTLOOK AS TRADERS BET ON EXTENDED SHUTDOWN
An analysis by Goldman Sachs economists said that most government shutdowns have been short and that the longest shutdown in 2018 lasted 35 days - though it only impacted about 15% of the federal government as Congress had funded about 85% of its operations at that point.
Goldman found that for each week of a government shutdown, federal furloughs would reduce quarter-on-quarter economic growth by about 0.15 percentage points of GDP in Q4, with an equal-sized positive effect on Q1 growth assuming the shutdown ends by then.
The firm's analysis also found that a shutdown could temporarily raise the unemployment rate, but the effect should be minimal as furloughed workers are reported as unemployed on temporary layoff.
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OMB analyzed the shutdown during fiscal year 2014 and noted that there were some areas of economic disruption caused by the shutdown.
Among those were a halt to permitting, reviews and licensing (such as for energy projects); suspension of IRS income verification for financial institutions vetting borrowers; a halt to hundreds of small business loans; as well as disruptions to tourism and travel from the closure of national parks.
Editor's note: This story has been updated with comment from the Treasury Department clarifying that Secretary Scott Bessent meant the shutdown could be costing the U.S. economy $15 billion a week, not per day.

via: https://www.foxbusiness.com/economy/bessent-says-government-shutdown-starting-cut-muscle-economy-may-losing-billions-per-da

The J.M. Smucker Co. filed a federal lawsuit Monday accusing Trader Joe's of copying its popular Uncrustables frozen sandwiches.
Smucker filed the lawsuit Monday in Ohio federal court, arguing that Trader Joe's round, crustless sandwiches with crimped edges too closely imitate Uncrustables.
"Smucker does not take issue with others in the marketplace selling prepackaged, frozen, thaw-and-eat crustless sandwiches," the company said in its lawsuit. "But it cannot allow others to use Smucker's valuable intellectual property to make such sales."
Smucker also alleged that Trader Joe's packaging design violates its trademarks. 
GIRL SCOUTS HOPE 'INCREDIBLE' NEW COOKIE WILL HELP CRUMBLING SALES, FINANCIAL LOSSES
The Ohio-based company claimed Trader Joe's uses similar blue lettering and imagery of a sandwich with a bite taken out - similar to elements featured on Uncrustables packaging.
The lawsuit argues the similarities have already caused customer confusion. It cites a social media post in which a user mistakenly claimed Trader Joe's sandwiches were produced by Smucker under a private label agreement.
FOX Business reached out to Trader Joe's for comment on the lawsuit.
LISTERIA OUTBREAK FROM RECALLED PREPARED MEALS SOLD AT TRADER JOE'S AND WALMART LEAVES 4 DEAD, 19 IN HOSPITAL
Smucker is seeking restitution and a court order requiring Trader Joe's to send Smucker the sandwich product and its packaging to be destroyed.
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Smucker's family of brands includes Folgers, Dunkin', Café Bustelo, Jif, Uncrustables, Smucker's and Hostess.

via: https://www.foxbusiness.com/economy/trader-joes-accused-copying-smuckers-uncrustables-sandwiche

The average cost of gasoline nationwide is hovering near the $3 mark and could soon dip below it, some industry experts say.
The national average stood at around $3.07 per gallon as of Wednesday, down around 10 cents from a month ago and nearly 15 cents from a year ago, according to AAA. 
"Americans appear to be on the cusp of seeing the national average drop below $3.00 per gallon and potentially stay there for the first time in years, as prices have fallen across the vast majority of the country," said Patrick De Haan, head of petroleum analysis at Texas-based GasBuddy, which tracks prices at more than 150,000 stations nationwide.
GASOLINE'S BURDEN ON AMERICANS' WALLETS LIGHTEST SINCE 2005
De Haan said that with more than 40 states seeing decreasing gas prices and with oil dipping below $60 a barrel, the downward trend could continue in the coming weeks.
"The good news may not end if - and when - the national average hits that magical $2.99 mark," he said.
He added that with wages climbing and fuel prices falling, Americans are spending a smaller portion of their income on gas than they have in years.
TRUMP'S ENERGY AGENDA DELIVERS LOWEST HOLIDAY GAS PRICES IN HALF DECADE
States with the lowest gas prices on Wednesday included Texas at $2.65, Wisconsin at $2.67, and Arkansas at $2.64, according to AAA.
Meanwhile, places with the highest gas prices Wednesday included California at $4.65, Hawaii at $4.48, Washington at $4.46 and Oregon at $4.07.
Two reasons behind the wallet relief include weaker demand following the summer travel season and the fact that refineries are switching to a less expensive winter fuel blend, NBC's business correspondent Brian Cheung told TODAY on Wednesday.
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"The reason why is because refineries are switching to what they call the winter blend, which is a little bit cheaper to produce," Cheung told TODAY. "And it's just there are fewer drivers on the road because we're past summer, unfortunately, and for that reason, demand is down, gas prices are also going up."
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The Energy Information Administration (EIA) recently projected that less than 2% of people's personal disposable income will be spent on gasoline in 2025, down from an average 2.4% over the previous decade and the lowest share since 2005, excluding 2020. 
FOX Business' Daniella Genovese contributed to this report.

via: https://www.foxbusiness.com/lifestyle/gas-prices-could-drop-below-3-00-mark-nationwide-costs-continue-falling-across-america-report

A pilotless taxi developed in China that can fly more than 100 miles on a single charge launched this week.
EHang Holdings introduced the VT35 on Monday in Hefei, Anhui Province. The taxi is part of EHang's line of long-range, pilotless electric vertical takeoff and landing (eVTOL) aircraft.
"It [the car] is engineered to transform intercity aerial travel into a safe, routine, and efficient transportation experience," the company said in a news release.
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The two-seat flying vehicle features autonomous flight systems, electric propulsion, and a compact airframe designed to make urban aerial travel safer and more efficient, the New York Post reported.
In addition, it features eight distributed lift propellers for vertical takeoff and landing, meaning it can land on rooftops, parking lots, and other structures.
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The two-seat aircraft also has a leather-upholstered cabin equipped with a touchscreen interface that serves as both a dashboard and entertainment hub, Interesting Engineering reported.
"As a pioneer in pilotless eVTOL technology, EHang is continuously optimizing aircraft performance and expanding applications to offer the public safer, smarter, and more accessible low-altitude transportation solutions for a greener, shared future in global civil aviation," said EHang founder and CEO Huazhi Hu.
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No date was given for the aircraft's global release. However, it reportedly will set buyers back around $913,000.

via: https://www.foxbusiness.com/technology/chinese-company-launches-autonomous-flying-taxi-100-mile-rang

Outdoor retailer Recreational Equipment, Inc. (REI) reportedly plans to close three of its U.S. stores next year.
The closures will affect REI locations across the Northeast, including Paramus, New Jersey, during the first three months of 2026, as well as in Boston and its flagship SoHo locaftion in New York City toward the end of that year, USA Today reported.
"We are deeply grateful to our teams, our members and customers, and the stores' communities for their support over the years," REI said in a statement to USA TODAY. "As markets and customer needs evolve, we must adapt to position the co-op for long-term success. We will continue serving members and customers at these locations until closing, and at our other stores across the New York and Boston regions."
OUTDOOR RETAILER REI SLASHES WORKFORCE BY MORE THAN 350 WORKERS, PREPARES FOR 'CHALLENGING' YEAR AHEAD
Despite the upcoming closures, the retailer has continued to expand in other areas. REI has opened six new stores this year, including in Durango, Colorado; Elk Grove, California; and Amherst, New York, according to the REI website.
The announcement comes as another longtime outdoor retailer, the Orvis Company, recently announced plans to close more than two dozen stores by 2026 as part of a broader effort to shrink its retail footprint and streamline operations in response to rising tariffs.
ICONIC 169-YEAR-OLD RETAILER TO SHUTTER 36 LOCATIONS
Orvis President Simon Perkins said in a statement that 31 stores and five outlets will shutter as the company enters a "new chapter" aimed at a "more focused retail store portfolio" and leveraging its retail partners that sell its products.
Last year, REI laid off 357 employees, according to a message shared with employees at the time by former CEO Eric Artz, who retired in March.
ROSS STORES THRIVES WITH MAJOR EXPANSION PLANS WHILE RETAIL GIANTS CLOSE LOCATIONS NATIONWIDE
"Outdoor specialty retail has experienced four quarters of decline-and that trend has been worsening," Artz said in January of last year. "While we were able to outperform this trend for much of the last year, it caught up to us in Q4 and we now expect conditions to remain very challenging throughout 2024."
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REI did not immediately respond to FOX Business' request for comment.
FOX Business' Daniella Genovese contributed to this report.

via: https://www.foxbusiness.com/retail/rei-close-three-northeast-stores-2026-adapts-shifting-markets-customer-needs-repor

The long and the short of the U.S.-China fisticuffs is that no trade barriers are coming down, and no new trade openings are popping up. China has gone rogue by putting export controls for rare earths and other commodities on the entire world. And of course, the U.S. has got to punch back. Scott Bessent is right, China is a command-and-control economy, and our allies will neither be commanded nor controlled.
Rare earth deals were struck in various meetings in London, Geneva, Madrid, but China is breaking the deals. Just like they broke the deal for the Phase One trade agreement that was signed in January 2020. They go rogue. Maybe the Commerce Ministry is going rogue. Maybe Xi is going rogue. Who knows. But China going rogue is gonna hurt them more than it hurts us. It's their economy that's in recession shape, and we are the great consumer power that they desperately need.
Now China is surely losing friends if they had any to begin with. Australia's furious at China. Japan. The EU. And of course, the U.S. Mr. Trump will slap a huge tariff on November 1st, unless China relents. The U.S. must punch back.
I still think it could be that China is throwing a temper tantrum because they've been so badly beaten in the Middle East with President Trump's historic peace deal and the destruction of China-backed Iran. Another defeat may be looming as Mr. Trump focuses on ending the Russia-Ukraine war. China's backing the wrong horse there too.
Meanwhile, the U.S. Senate wants to slap a 500% tariff on China for the purchase of Russian oil. 100% will do fine. Once again, China's backing the wrong horse. By the way, with a 50% tariff, India has stopped buying Russian oil. 

Chinese trade petulance is bigger than rare earths. They and their BRIC allies have been buying enormous quantities of gold over the past ten or more years, while they have reduced their U.S. Treasury dollar bond holdings by nearly 50%. What are they doing? Well, they're working overtime to diminish the world reserve currency status of the U.S. dollar. 
So, here's President Trump's response to that one: "I like the dollar. I'm very strong on the dollar. And anybody who wants to deal in dollars, they have an advantage over people that aren't. But for the most part, we're keeping it that way.  Like BRICS. I told anybody that wants to be in BRICS - that's fine. But we're going to put tariffs on your nation. Everybody dropped out. They're all dropping out of BRICS. BRICS was an attack on the dollar."
Pure and simple. Mr. Trump is right. BRICs and China are attacking the dollar. More rogue behavior. 
So, the wisest course right now would be a meeting at the APEC conference in South Korea between Mr. Xi and Mr. Trump. Perhaps then we can get back to lowering trade barriers and promoting prosperity. But if China insists on playing the petulant spoiled brat as they keep losing ground in world politics and influence, then so be it. Count on Donald Trump not to stand for China's bad behavior. They're going after the wrong guy.

via: https://www.foxbusiness.com/politics/larry-kudlow-china-going-rogue-gonna-hurt-them-whole-lot-more-than-u

New York City mayoral candidate Zohran Mamdani is standing by his proposal to raise taxes on the city's wealthiest residents and corporations to fund free buses and universal childcare.
Under Mamdani's plan, the personal income tax rate on the city's wealthiest 1% would rise by 2 percentage points, while the corporate tax rate would increase to match New Jersey's 11.5% rate, he told Martha MacCallum on Wednesday on Fox News' "The Story."
"I've said time and time again that I believe these are the most straightforward ways that we can actually fund universal childcare, making buses fast and free, and I've said that the two clear ways to do so: raising personal income taxes on the top 1% by 2% and raising the corporate tax to match that of New Jersey's corporate tax of 11.5%," Mamdani said. "Now, if there are other ways to raise this money to fund this agenda, the most important thing is that we fund the agenda."
BLUE STATE GOVERNOR WARNS A MAMDANI NYC MAYORAL VICTORY COULD HURT WALL STREET, NEIGHBORING STATE'S ECONOMY
He said he was "thankful" to have the support of New York Gov. Kathy Hochul, as well as the fact that she highlighted their shared commitment to universal childcare for New Yorkers.
"Well, what Andrew Cuomo said is that if he had $959 million, he'd give it to Elon Musk in tax credits because that's exactly what he did," Mamdani said, in response to a question about how he would pay for his proposed programs if Governor Hochul refuses to raise taxes. "And I bring that up to you to say that it's often a question of whether you have the willingness to spend that money to benefit working-class people, not where that money is in the first place."
HOW MUCH WOULD DEMOCRATIC SOCIALIST MAMDANI'S AGENDA COST NEW YORK CITY TAXPAYERS?
When asked what he would cut to fund his programs, Mamdani said he does not believe any cuts are necessary.
"I don't think we have to cut, I've spoken about raising taxes on the wealthiest," he said, "And frankly, this is an issue that we have here in New York City, and frankly, even across this country. When I've spoken to Trump voters right here in New York City - Hillside Avenue in Queens, Fordham Road in the Bronx - they've told me it was the cost of living that drove them to vote for Donald Trump."
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Mamdani argued that policymakers continue to prioritize billionaires and major corporations over New Yorkers "who can't even afford to make ends meet."
Responding to concerns that free bus service could result in a decline in quality, Mamdani pointed to the city's pilot program.
"I would say that they should actually look at the report of the five free buses we delivered across New York City," he said. "We didn't see an increase in homelessness. We did see an increase in New Yorkers riding the bus. We did see a decrease in assaults on bus drivers by 38.9%, and we also saw a decrease in New Yorkers who were having to take a cab or take their own car.
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He added, "That's why we care so deeply about this, because of the fact that it can actually deliver economic, public safety, and even congestion relief to New Yorkers who are looking to take these buses."

via: https://www.foxbusiness.com/politics/nyc-mayoral-candidate-mamdani-doubles-down-socialist-policies-free-buses-universal-childcar

Whirlpool Corp. announced plans on Wednesday to invest $300 million in its Ohio laundry manufacturing facilities.
The investment from Whirlpool, announced Wednesday, is part of a series of strategic commitments it has made to grow its American manufacturing footprint and will increase production of its next generation of washers and dryers in Clyde and Marion. It will also create between 400 and 600 jobs across its Ohio operations as well as support approximately 5,000 additional jobs outside the company, the company said.
"Whirlpool Corporation's unwavering commitment to American manufacturing is a cornerstone of our identity," Whirlpool Corporation CEO Marc Bitzer said.
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Additionally, Bitzer believes the tariffs will finally level the playing field for the company and boost its competitive position.
Nearly 80% of Whirlpool products are manufactured domestically, which the company says is significantly higher than the 25% competitor average. For instance, it also noted that 96% of the steel used in its U.S. plants is sourced from domestic suppliers. Whirlpool's U.S. production base shields it from much of the cost impact, while rivals like Samsung and LG will face higher prices.
"What the tariff policy does, it makes a business case, an economic business case, just much more attractive," Bitzer told FOX Business Network's Lydia Hu. The chief executive said that the company may have scaled down, postponed or even "hesitated" to make its $300 million investment.
GE APPLIANCES INVESTS $3B IN US MANUFACTURING OPERATIONS
But now, "any investment is a bet for the future," he said. "So, yes, our bet is that these tariff policies stay, it creates a level playing field and, therefore, these economic investments generate profitable returns." 
Its recent investment comes in addition to the $6 billion the company has invested in U.S. capital expenditures, R&D and new product development. This is only a fraction of the $23 billion Whirlpool said it has spent on its U.S. operations, logistics and workforce. 
Whirlpool Corp. was founded more than 110 years ago and currently maintains the largest U.S. manufacturing operations in the home appliance industry. It touts itself as the only major U.S.-based manufacturer of kitchen and laundry appliances that employs 20,000 employees in the U.S., including over 14,000 at its 10 manufacturing plants. 
ELI LILLY INVESTING $27B MORE IN US MANUFACTURING
"We are proud to reinforce our commitment to the communities and plants where generations have not only built appliances but careers, families and futures," Kristin Day, vice president of U.S. manufacturing at Whirlpool, said. "This investment builds on that legacy, enhancing our manufacturing capabilities and ensuring we can continue producing world-class appliances right here in America."
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via: https://www.foxbusiness.com/lifestyle/whirlpool-ceo-says-trump-tariffs-create-level-playing-field-us-manufacturing-expansio