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Industrial M&A ramps up as tariffs settle in, interest rates drop and funds are flush

Affected by tariffs and policy uncertainty, industrial M&A started slowly in 2025, but experts say deal activity is picking up. Private equity firms hold large amounts of dry powder and long-held assets, strategic buyers seek growth, aging business owners look for exits, and combined with the domestic manufacturing reshoring trend, this lays the foundation for the M&A market in the coming years.

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Nintendo launched the Switch 2 in a tariff storm. Now comes the difficult part.

Nintendo launched the Switch 2 on schedule on June 5, selling over 3.5 million units in the first four days. Despite a brief suspension of initial pre-orders due to U.S. tariff policies, the company proceeded with the launch as planned. However, with repeated adjustments to U.S. tariff policies on multiple countries, the real challenge for Nintendo lies in addressing rising supply chain costs, holiday season inventory pressure, and the re-planning of long-term production layouts.

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Trump’s tariffs aim to reverse decades of industry decline. Will they succeed?

President Trump has repeatedly claimed that tariffs will revitalize American manufacturing, attract large-scale investment, and create jobs. Recently, giants like Hyundai Motor and TSMC have announced massive investment plans, but small and medium-sized enterprises are taking a wait-and-see approach due to policy uncertainty. Economists point out that manufacturing's share of GDP has been declining for a long time, and whether tariffs can reverse this trend remains to be seen.

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Trump’s immigration enforcement against employers has been gradual. That may soon change.

Employer-side immigration attorneys note that while federal immigration authorities' enforcement intensity is gradually increasing, the slow pace has not reduced the need for employers to remain vigilant. The large-scale workplace enforcement promised by the Trump administration before taking office has not yet been fully implemented, and recent ICE raids have mostly targeted small entities, such as construction sites in Louisiana and a market in Philadelphia. However, human resources departments need to prepare for an increase in I-9 audits. ICE's strategy remains opaque, with some attorneys revealing that it may set inspection quotas and plan to expand audit capabilities. Employers face triple concerns of civil fines, criminal risks, and operational impacts, with electronic I-9 system compliance becoming a new focus. Experts advise companies to conduct internal audits in advance, train employees, and consider joining E-Verify.

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How COVID-19 changed US manufacturing: 5 years later

Five years after the outbreak of the COVID-19 pandemic, U.S. manufacturing has experienced dramatic fluctuations from production halts to recovery rebounds. Based on labor data and corporate interviews, this article examines how the pandemic has reshaped supply chain management, driven the transformation of smart manufacturing, and changed the employment landscape in the manufacturing sector.

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Rising waters: How manufacturers should approach flood preparation

In the aftermath of Hurricane Sandy, flood risk has shifted from a peripheral issue to a real challenge that the manufacturing industry must confront. This article integrates professional insights from organizations and companies such as Moody's, FEMA, JLL, and Western Digital, systematically explaining how manufacturers can reduce the impact of floods on plant operations and finances through risk assessment, engineering protection, insurance configuration, and real-time monitoring.

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PFAS in manufacturing: Auditing your supply chain for forever chemicals

With rising consumer attention and regulatory pressure, manufacturers are facing the challenge of eliminating PFAS from their supply chains. Based on industry cases and expert advice, this article outlines a six-step audit process from establishing policies and mapping the supply chain to continuous monitoring, and analyzes the potential legal and compliance risks of inaction.

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The battle to replace PFAS in firefighting foam

This article is the second in a series on phasing out PFAS in U.S. manufacturing, focusing on firefighting foam. In August, a spill of approximately 1,450 gallons of PFAS-containing firefighting foam in Maine contaminated water sources. Across the nation, 23 states have passed 29 policies restricting or banning AFFF. The Department of Defense faced an October 1, 2024 deadline but failed to fully transition, receiving a one-year extension. Developing alternatives must meet military specifications and is costly, with the GAO estimating that replacing military foam would cost over $2.1 billion.

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De minimis: Helping or hurting U.S. manufacturers?

The U.S. $800 de minimis policy benefits e-commerce platforms like Temu and Shein and the freight market, but its impact on U.S. manufacturing varies by industry. Complex manufacturers such as automotive parts are barely affected, while low-cost manufacturers like textiles face competitive pressure. Over the past two years, multiple legislative proposals have sought to tighten this provision, with the National Association of Manufacturers supporting its retention and improved enforcement, while textile industry alliances call for its complete elimination. Federal data shows overall industrial output has recovered to pre-pandemic levels, but the long-term decline in the textile industry remains unchanged.

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