None of the gloomiest predictions of how a Hard Brexit could impact UK expats in the EU has come to pass. But there are complications.
While US Farmers Struggle to Find Empty Containers for Exports.
Declining Hegemony. But still Hegemony.
Not a sign of strength, but of big economic distortions.
But the downturn in the goods-based sectors started in 2018. US exports are now down 37% from that peak, imports down 25%.
Everyone is trying to figure out how to get around the sudden hurdles.
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.