This will become an often-played tune over the next few months, delineating how dependent Corporate America has become on China.
Is this the black-swan event people have been predicting for years?
Corporate America rerouted its supply chain to other countries.
GM shifts even more production to Mexico (even as its US sales fall). But Ford’s imports from Mexico plunge. FCA’s, Audi’s, Nissan’s down too.
An ugly report. How will it impact the overall economy?
Latest data is out. Folks who hoped the Renminbi would break the dollar hegemony have to be very patient.
And a special word on apparel sales, as a sign of our times.
NAFTA 2.0 gets complicated for US & global manufacturers, particularly automakers.
But US “Energy Independence” is More Complicated.
Its China team “saw increasing patterns of fraud, counterfeits and unsafe products.” But US consumers have no clue where the sellers are and where the products came from.