FTZs used to allow manufacturers to import goods tariff-free and use those imports to manufacture products with lower tariff rates. The Trump administration removed that benefit last year.
Farmers have had to adjust to rising prices and shipping disruptions from the Strait of Hormuz’ closure, on top of existing economic strains like tariffs.
In their new book, co-authors Chad Bown and Soumaya Keynes make the case that in a global economy where trade wars are everywhere, the best thing to do is learn how to fight them.
Adam Posen, President of the Peterson Institute for International Economics, talks about what to expect from President Trump’s meetings with President Xi Jinping of China this week.
While both sales and inventories are up, analysts warn that consumers are being picky about what they purchase. And wholesalers need to decide how much to stock up for the uncertain future.