US EditionHow Trump’s tariffs are snarling supply chains
- Cargo shipments from China to the U.S. Have decreased by as much as 60% due to a 145% tariff increase imposed by the U.S. Government in early April.
- Major retailers like Walmart Inc. And Target Corp. Have warned that empty shelves and rising prices will likely affect shoppers due to supply chain disruptions caused by the tariffs.
- Economists have revised inflation forecasts upward, anticipating a significant annual drop in imports during the second quarter, the largest since the pandemic began.
- Executives, including Jay Foreman of Basic Fun, described the tariffs as a 'de facto embargo' and warned of increasing order cancellations and long-term damage if they remain in place.
53 Articles
53 Articles
Editorial | Californians face economic headwinds
The Trump tariffs are creating unnecessary economic chaos. But, terrible as they are, Californians, and Santa Cruz County residents, are continuing to be hit with cost-of-living increases that are undermining the todays and tomorrows for too many people — younger families, seniors and anyone in between those age groups not making upwards of $250,000 a year. Doom and gloom? Last week Gov. Gavin Newsom boasted that California in 2024 overtook Japa…
The Atlantic
Trump Is Paving the Way for Another ‘China Shock’
The MIT economist David Autor helped fracture the old free-trade consensus. But he thinks that what’s replacing it is even worse.
Shanker Singham: Tariffs offer a sweet spot for trade deals (Opinion)
Investors feel the whiplash as markets react to on-again, off-again tariffs proposed by the Trump administration. The recent 90-day pause led to sighs of relief in some quarters and consternation in others — but Trump’s effort to remake the global…
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