8 Articles
8 Articles
Effects of Trump’s trade war loom over the Port of Virginia
Local experts and officials don’t have a clear picture of how the Trump administration’s tariff policy will affect the Port of Virginia and the many thousands of jobs connected to it, but ports across the country are bracing for a significant slowdown in traffic. However severe those impacts are, they will be felt between May and July, according to Vinod Agarwal, a professor of economics at Old Dominion University and deputy director for ODU’s D…
Americans are spending less on McDonald's. Fewer container ships are expected in the port of Los Angeles. Procter & Gamble is raising prices. Mattel is moving production out of China. The evidence of the economic impact of President Trump's trade wars is everywhere, except, for the most part, on the economic data itself. Consumer spending has not fallen. Dismissals have not increased. Companies have not stopped investing in equipment or buying i…
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