Chinese airlines have reportedly been told to stop taking delivery of Boeing jets, and at least two new jets have left the country. It’s one way U.S trade policy could hit airplane makers, which had operated tariff-free since 1980.
Oil, steel and supply chains are just a few areas of the economy where President Donald Trump’s trade policy is causing trouble. Plus: The road to recovery after the devastating wildfire in Altadena, California.
The price of West Texas Intermediate is hovering around $60 per barrel — not low enough to kill the oil patch, but not generating “Drill, baby, drill!” vibes.
“What we learned from the last tariff experience is that what goes up must come down,” says Lisa Goldenberg of Delaware Steel Co. “So it's kind of a last man standing.”
Tariffs could trigger shortages and supply chain snarls, similar to what was seen when the pandemic cut off lines to Chinese manufacturers. Are the workarounds small business used then still valid now?