Top trade official acknowledges tariffs haven’t changed China’s behavior
“Tai's position seems to be that American businesses and families must continue bearing the cost of the Trump-Biden tariffs even though those tariffs have plainly failed to achieve their primary policy goal (changing China's behavior) because there's a chance that someday, somehow, that might make a difference.”
[Reason]
Seven years of tariffs on China – deficit still $1 trillion
“Six of the eight largest deficits in U.S. history have occurred during the very years tariffs were supposed to reduce the deficit.”
[Forbes]
More U.S.-based companies to shift supply chain operations into Americas
“The average number of supply chain locations is poised to fall to 2.4 from 2.7 in the next three years, according to the report. Organizations with the most efficient supply chains are also aiming to reduce the number of markets they operate in to an average of 1.9 from 2.1.”
[Manufacturing Dive]
Feds propose permanent ban on cargo trucks at Texas border bridge
“About 500 northbound cargo trucks cross the Bridge of the Americas every day, while the Ysleta-Zaragoza International bridge handles more than 1,200 a day.”
[FreightWaves]
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