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Railroads are starting to feel the impact from the Trade Wars. Shipping is down, especially of some key products.
"...The Association of American Railroads, which tracks the industry’s weekly shipments, has reported declines for almost every category of product this year. Coal and grain, which account for a large part of the freight industry’s revenue, have been particularly weak...."
The Chinese have destroyed the solar manufacturing business in this country, they have monopolized the rare earth mineral market used in many modern technologies, one estimate puts as much 90% of Windows installs in China as pirated, Charlotte pipe has competitor in China that using their property right down to the logo.... They are now going to do the same thing with more advanced technologies like robotics and AI.
If there is one thing Trump has done that should be non partisan this is it. There is an endless list of things the Chinese have done and are doing to harm to both US business's and the people they employ across all industries. Set aside the political blinders for once and open your damn eyes. You're arguing about peanuts given to farmers, no pun intended. The big picture is trillions of dollars he is after.
Open your own damn eyes.
Trump caved on Huawei Technologies, the Chinese tech company that threatens U.S. national interests.
This "effectively marks the end of Trump’s trade war with China" as it shows Xi that when push comes to shove, Trump will back down.
Railroads are starting to feel the impact from the Trade Wars. Shipping is down, especially of some key products.
"...The Association of American Railroads, which tracks the industry’s weekly shipments, has reported declines for almost every category of product this year. Coal and grain, which account for a large part of the freight industry’s revenue, have been particularly weak...."
Same story with trucking. We know how this will play out: economy falters, force the interest rates down, devalue the dollar, all in time for the election.
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[b]New York Democrat Sen. Chuck Schumer tweeted a message of support for Trump’s tough stance on trade with China this week, telling the president to “hang tough.”
Chuck Schumer and Trump are longtime friends. At one point, Trump was a major donor to Schumer. Not surprising for them to have mutual support.
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