One U.S. Factory Goes Global, While Trump Shrinks the World - News Summed Up

One U.S. Factory Goes Global, While Trump Shrinks the World


If Mr. Trump limits such imports, that could increase the cost of making goods at many American factories. Advertisement Continue reading the main storyIn this spirit, Mr. Trump first threatened to kill Nafta, and later agreed to the renegotiation getting underway. He has accused his predecessors of destroying American factory jobs by assenting to a series of abominable trade deals. A growing body of research has concluded that a surge of imported goods produced in low-wage countries — especially China — has indeed eliminated millions of American jobs in recent decades. Some research has found that trade with Mexico modestly depressed wage growth during the 1990s in the most-affected blue-collar industries, among them the textile trade.


Source: New York Times August 15, 2017 09:00 UTC



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