Showing posts with label free trade. Show all posts
Showing posts with label free trade. Show all posts

Monday, December 9, 2019

More Trump Damage

12/4/19 Wall Street Journal:
HICKORY, N.C—Here’s the good news: There are now more reasons to make furniture in the U.S. than at any point since the financial crisis. Crate & Barrel and Williams-Sonoma Inc. are expanding manufacturing in the U.S., and the factories of longtime furniture makers are humming.
Here’s the bad news: There aren’t enough skilled workers available to support the renaissance.
Manufacturers across the country are struggling to fill open slots in a tight U.S. labor market. Furniture companies, which for decades have been hit by competition from China, face special challenges after years of shrinking. A generation of prospective sewers and upholsterers have steered clear of the industry, leaving it heavily reliant on an aging workforce.
Shortage of workers can and must be fixed by paying better.

Monday, October 1, 2018

Another Trump Victory

Even 9/30/18 Reuters https://www.reuters.com/article/us-trade-nafta/canada-u-s-reach-deal-to-update-nafta-canadian-sources-idUSKCN1MA0UJ?feedType=RSS&feedName=topNews&utm_medium=Social&utm_source=twitter (about as establishment a news organization as there is) is calling the revised NAFTA a big win for trump

Saturday, July 28, 2018

This Must Be Fake News

7/25/18 MarketWatch:
Trump and European Commission chief Jean-Claude Juncker agreed to hold off on retaliation as long as discussions are taking place between the U.S. and the EU. Trump has threatened tariffs on European vehicles, in addition to levies already imposed on imports of steel and aluminum. But at an unscheduled news conference following their meeting, Trump said they agreed to work toward “zero tariffs” and “zero subsidies on non-auto industrial goods.”
He also said the EU would buy more U.S. soybeans and that he and Juncker would work to resolve the steel and aluminum tariffs. U.S. stocks DJIA, -0.30%   climbed on news of a deal between Trump and Juncker.
I confess to supporting free trade and Trump's rhetoric is often worrisome.  But now it looks like a negotiating position that is working.

Sunday, April 8, 2018

Trump's Trade War With China

Ordinarily,  Trump's Trade war worth China would be a disaster,  but China is not the only buyer of American goods.  https://www.reuters.com/article/us-usa-trade-china-soybeans/as-u-s-and-china-trade-tariff-barbs-others-scoop-up-u-s-soybeans-idUSKBN1HF0FQ. Europeans ate buying up our soybeans instead.