A close look at Nike’s massive supply chain offers a case study in the possible ripple effects of the escalating global trade war and shows how vulnerable factory workers could get squeezed.
https://www.propublica.org/article/nike-trump-tariffs-impact-workers-prices?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
trade
Two days before Trump announced dramatic plans for “reciprocal” tariffs on foreign imports, Transportation Secretary Sean Duffy sold stock in almost three dozen companies, according to records reviewed by ProPublica.
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As a congressman, Pete Hoekstra once testified that tariffs were bad for business.
But as Trump's ambassador to Canada, he now champions the trade policies that are being linked to job losses in his former Michigan district.
https://www.propublica.org/article/pete-hoekstra-michigan-canada-tariffs?utm_source=mastodon&utm_medium=social&utm_campaign=mastodon-post
#News #Michigan #Canada #Tariffs #Trade #USPolitics #Business #Economy
Thinking of starting a Canadian motorcycle company—tariffs be damned!
We can do it!!
Without further ado, introducing…
the
CHARLEY-BOBNDOUGIDSON
In all the talk of US trade deficits forcing Trump et al. to erect tariff barriers to "rebalance trade", we've lost or ignored the fact that the US has an enormous digital trade surplus. See, for instance, this paper Estimating digital product trade through corporate revenue data. The US's main conventional export is currently petroleum, but it exports over twice as much in digital advertising. The US's overall "digital exports" are larger than the total exports of France, which is the world's 7th leading exporter. However, these numbers are not typically included in reports about trade deficits or surpluses.
#Trump #tariffs #USPol #USEconomy #GlobalTrade #trade
#Trump #tariffs #USPol #USEconomy #GlobalTrade #trade
Edited 276d ago
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