• These companies might close, lay off US workers because of Trump's trade war

    4 days ago - By CNBC

    Trump's trade war is forcing some companies to lay off workers, close plants, tighten personnel and raise prices on goods, USA Today reports.
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  • The man in charge of overseeing global trade says 'the first shots have been fired' in a trade war, and 'the situation is extremely serious'

    The man in charge of overseeing global trade says 'the first shots have been fired' in a trade war, and 'the situation is extremely serious'

    4 days ago - By Business Insider

    Trade tensions are growing around the world, due in large part to President Donald Trump's trade battles.
    World Trade Organization Director General Roberto Azevêdo warned that current trade tensions risk hurting the world economy and undermining the post-World War II trading order.
    "Whether or not you call the current situation a trade war, certainly the first shots have been fired," Azevêdo wrote. "This calls for our attention, and most importantly, our action."
    One of the most important trade officials in the world is sounding the alarm about President Donald Trump's trade war and the...
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  • Americans Fund Most of the World's Drug Research. Here's How Trump Can End That

    5 days ago - By Fortune

    President Donald Trump recently released an ambitious, 44-page plan to drive down prescription drug prices. The blueprint relies, in part, on negotiating and enforcing trade deals to prevent other countries from freeloading off of American researchers.
    That's a smart strategy. Right now, most of our trading partners impose government price controls on drugs. Ensuring that these nations pay fair market value for medicines would spur additional research spending by U.S. drugmakers. Ultimately, this process would lead to more new drugs, forcing manufacturers to compete for market share by...
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  • Trump's trade war is already leading to layoffs and pain for American businesses

    Trump's trade war is already leading to layoffs and pain for American businesses

    5 days ago - By Business Insider

    President Donald Trump is waging a trade war on many fronts, with tariffs on steel, aluminum, Chinese goods, and more.
    While Trump argues the tariffs will make the US economy stronger, so far the duties are leading to layoffs.
    Small businesses across the US are grappling with the increased cost of goods, and some of them are resorting to layoffs to save money.
    President Donald Trump's tariffs on imports of steel, aluminum, and some Chinese products have started pushing up prices for many US companies that rely on those items to create final products, forcing many firms to make tough...
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