Indian and Japanese Firms Expand US Manufacturing

Essar is planning an $18-billion steel plant in the United States, announced during the Trump era, despite the Indian company's reported deep ties to Russia. Japanese robot makers Fanuc and Yaskawa are also accelerating a shift of production from China to the US, driven by the AI boom. Meanwhile, yields on 30-year US bonds have reached their highest level since 2002, and Maersk has completed its first US ship-to-ship ethanol bunkering. US tea imports from India have jumped 36 percent on higher volumes and prices.