By Tyler Durden Pix Moving, a Chinese automobile startup using artificial intelligence (A.I.) to design vehicles and convert the blueprints into instructions for 3D printers, isn't afraid of President Trump's trade war and has utilized technology to bypass tariffs, reported Nikkei Asian Review. Angelo Yu, the founder of Pix Moving, has outsmarted the most powerful country … [Read more...] about “Smart Manufacturing:” AI And 3D Printing Allows Chinese Car Startup To Bypass Trump’s Tariffs
Tariffs Accelerate Trucking and Shipping Slide
By Peter C. Earle Trucking and transportation firms more broadly are both seasonal and cyclical businesses, and some of the earliest signs of damage from the current administration’s trade war with China are beginning to reveal themselves. Traditionally a leading indicator, transportation and shipping data often take two to three quarters to show up in broader national … [Read more...] about Tariffs Accelerate Trucking and Shipping Slide
Is It Obvious Yet That Tariffs Injure Americans?
By Jeffrey A. Tucker For years now, competent commentators have tried to explain that tariffs do no one any good (on net). They are taxes. They increase business costs. They force businesses to cough up to the government for no particular reason. They don’t work to open economies. They sow seeds of distrust. They invite retaliation thus ruining export markets in addition to … [Read more...] about Is It Obvious Yet That Tariffs Injure Americans?
Prepare For Cost Increases: Americans Warned Prices Will Jump Up
By Mac Slavo The Retail Industry Leaders Association (RILA), a retail trade group, is warning Americans to prepare themselves for a price increase on items such as phones, car seats, and toys. The goods that would be impacted the most are those with the highest share of sourcing from China, RILA said in a letter to United States Trade Representative Robert Lighthizer. The … [Read more...] about Prepare For Cost Increases: Americans Warned Prices Will Jump Up
Trump’s Washing Machine Tariffs Cost Consumers $800,000 Per Job Created
By Mark J. Perry Three economists at the University of Chicago and the Federal Reserve Board studied the effects of Trump’s 2018 tariffs on imported washing machines in a new research paper titled “The Production, Relocation, and Price Effects of US Trade Policy: The Case of Washing Machines” and concluded that (italics added): Despite the increase in domestic production … [Read more...] about Trump’s Washing Machine Tariffs Cost Consumers $800,000 Per Job Created