US Tariffs on China Hurt Local Job Market Growth, Economy – Bloomberg
Posted by technocraticnihilist
US Tariffs on China Hurt Local Job Market Growth, Economy – Bloomberg
Posted by technocraticnihilist
3 Comments
no one could have predicted *sigh*
> As it was retooling its business, CIE executives discovered something about one of the rivals that pushed for the tariffs: Alabama-based Pitts Enterprises was importing thousands of chassis from Truong Hai Group Corp., a privately held Vietnamese company that makes cars, buses and trucks for the likes of Kia, Mazda and Peugeot.
> With CIMC’s trailers knocked out of the market, Pitts had orders from customers to import almost 18,000 chassis made by its Vietnamese partner over a roughly 16-month period. CIE suspected that the chassis included parts and raw materials, mainly steel, from China. **Which meant they ought to be subject to the very same tariffs Pitts had lobbied to have put on CIMC’s old Chinese-made chassis.**
Bruh.
That is one really good article.
Shame no one will read it.