Pharmaceuticals were NC’s top trade commodity in 2025
An analysis of trade data reveals that pharmaceuticals are the No. 1 trade commodity, with Mexico and China among NC's top trade partners.
NC’s biopharmaceutical industry, which directly employs just 0.31% of the state’s approximately 11 million residents, produced 20% of its export value in 2024.
Natron Energy, a California-based company that planned to build the first US gigawatt-scale sodium-ion battery plant in Edgecombe County, is ending operations on Wednesday.
China is the second largest buyer of NC soybeans, at $16.9 million.
In a new trade deal, Indonesia will pay a 19% tariff on US imports.
A Chinese manufacturer of disposable, biodegradable tableware, will receive a state incentive package in exchange for investing $80.5 million and creating 515 jobs in Robbinsville, located in Graham County.
In latest trade-war move, China slashes pork and soybean exports, directly impacting NC farmers.
"This is a state effort to protect national security because food security is national security."- Sen. Bob Brinson, R-Craven.
North Carolina had already joined a growing wave of states taking action against TikTok amid broad concerns over national security and data privacy.
The US Supreme Court has upheld a federal law set to take effect Sunday that bans American companies from working with TikTok unless operation of the social media platform is severed from Chinese control.
In light of recent concerns about the amount of foreign-owned agricultural land in North Carolina, it is worth noting the risk extends beyond mere land: Syngenta Seeds, LLC, one of the world's largest developers and producers of seeds for farmers and based in Greensboro, was bought in 2017 by ChemChina as part of a merger.
For the first time in more than two decades, China has been knocked off the top spot when it comes to the source of goods imported to the United States. According to 2023 trade reports US imports from Mexico rose nearly 5% in 2023 to more than $475 billion, while imports from China fell 20%...