Tag

Made In Usa

All articles tagged with #made in usa

business14 days ago

IRS Announces New Tax Benefits for Made-in-USA Car Buyers

The IRS announced that new cars assembled in the US purchased from 2025 to 2028 may qualify for a tax deduction on car loan interest, contingent on final assembly location, aiming to boost domestic auto manufacturing under Trump’s policy. About 14 of the top 25 models sold in 2024 are US-assembled, with potential for millions of qualifying vehicles, though some models assembled in multiple countries may not qualify.

technology5 months ago

Unplugged Launches Privacy-Focused UP Phone Made in the USA

Unplugged, co-founded by Erik Prince of Blackwater fame, has released a privacy-focused smartphone called UP Phone, with plans to manufacture it in the US later this year. The phone features privacy-centric hardware and software, including a hardware switch to disable power completely, and costs $989 with a subscription service. Despite its relaunch, the hardware remains similar to the original model, which was criticized as a scam.

business6 months ago

Trump Organization Withdraws 'Made in the USA' Claim for T1 Smartphone

The Trump family has replaced the 'Made in the USA' label on their $499 Trump Mobile phones with 'proudly American,' amid skepticism about the feasibility of manufacturing smartphones entirely in the U.S., and as part of a broader effort to capitalize on patriotic sentiment and MAGA support. The change raises questions about the accuracy of the claims, given the high costs and infrastructure challenges of domestic phone production, and follows previous controversies over the origin of Trump-branded products.

business6 months ago

Challenges in Marketing US-Made Smartphones Amidst Changing Claims

The Trump Organization launched a $499 smartphone called the T1, initially claiming it was 'designed and built in the US,' but later revised the claim to focus on 'American hands' and 'American values,' amid skepticism about the phone's US manufacturing. The device's specifications and marketing have been inconsistent, and experts doubt it can be fully made in the US. The phone plan includes telehealth services, but questions remain about its affordability. The venture is unlikely to disrupt the US wireless market significantly, as it operates as a virtual network provider.

business7 months ago

Can Reviving Manufacturing Bridge America's Economic Divide?

The article explores President Trump's push to revive American manufacturing through tariffs, highlighting the challenges faced in re-shoring production, such as lack of infrastructure, skilled workers, and high costs, exemplified by the Vietnamese Saitex factory which produces significantly more jeans than its U.S. counterpart. It discusses the complexities of global supply chains, legal hurdles, and economic realities that make bringing manufacturing back to the U.S. difficult, despite some companies' efforts and optimism.

business1 year ago

Kubota Hit with Record $2 Million Penalty for False 'Made in USA' Claims

The Federal Trade Commission fined Kubota $2 million for mislabeling some replacement parts as "Made in the USA," marking the largest civil penalty for violating the Made in USA Labeling Rule. Kubota violated the rule by labeling imported products or items made with significant imported materials as U.S.-made, and must now prove significant processing in the U.S. and disclose foreign parts usage. This is not the first time Kubota has faced such penalties, as it previously received a fine in 1999 for falsely claiming U.S. manufacturing.

electric-vehicles2 years ago

Tesla Cybertruck and Cyberbeast: Eligible for Full Federal Made-in-USA Tax Credit Subsidy

The IRS has approved the eligibility of both Tesla Cybertruck models for the full federal EV tax credit subsidy. The Cybertruck and its batteries are made at Tesla's Austin Gigafactory, meeting the requirements for made-in-USA battery raw materials, production, and vehicle assembly. While the dual-motor Cybertruck falls below the $80,000 subsidy threshold, the tri-motor Cyberbeast does not. However, both models are currently listed as eligible for the full $7,500 tax credit. Tesla plans to ramp up Cybertruck production and reduce costs, potentially allowing for a lower retail price and eventual eligibility for the tax credit.

technology2 years ago

Meta's 'Made in USA' AR Glasses: Unveiling the Military-Grade Material

Meta Platforms is using a complex manufacturing process for its first-generation augmented reality glasses, involving factories in China, Taiwan, and the U.S. Due to government regulations, Meta is using a special and expensive compound inside the lenses that cannot be easily exported. As a result, the lenses are assembled in the U.S., while other components are made in China and Taiwan.