The Trump administration is trying to reforge carmakers’ supply chains
So far to little effect
“YOU WOULD need a magic wand to bring back manufacturing jobs,” said President Donald Trump on November 12th, quoting someone from a past administration. “Well, we brought them back.” The world’s carmakers could be forgiven for wishing he had not bothered. They have been thwacked with tariffs on steel, aluminium and components from China, and threatened with broader levies on cars and car parts in the name of national security. A tariff deadline was looming as The Economist went to press. And they have new rules of the road, in the form of the USMCA, a trade deal with Mexico and Canada.
This article appeared in the Finance & economics section of the print edition under the headline “Parked”
Finance & economics
November 16th 2019- America’s public-sector pension schemes are trillions of dollars short
- Tighter production targets have failed to lift the price of oil
- The Trump administration is trying to reforge carmakers’ supply chains
- The case for a falling dollar
- The improved mood in financial markets
- Some Chinese firms turn out to have lied about their state pedigree
- Stiff sentences for bank fraud capture Italy’s sour public mood
- How Jim Simons became the most successful investor of all time
- Cost-benefit analyses offend against the notion that life is priceless
From the November 16th 2019 edition
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Explore the edition
Stockmarkets do not reward firms for investing in Trump’s America
The perils of reshoring
America is turning away China’s goods. Where will they go instead?
South-East Asia is exposed to both Chinese import competition and American ire
Can the euro go global?
With the dollar faltering, European policymakers have an opportunity
Poor countries would miss King Dollar
Even though they normally like a weaker greenback
Hell is other people’s currencies
As the Trump administration may soon find out
How Trump might topple the dollar
For the first time in many decades, the greenback looks vulnerable