Showing posts with label U.S. exports to China. Show all posts
Showing posts with label U.S. exports to China. Show all posts

Monday, May 05, 2025

Today in Global Small Business: The Economic Impact of Tariffs and Global Trade on Business

©iStock/Stanislav Gvozd
What's affecting me, my clients, my colleagues and other global small business owners:

  • Tariffs and global trade:  the economic impact on business.
  • By declaring a trade war on the rest of the world, President Donald Trump has panicked global financial markets, raised the risk of a recession and broken the political and economic alliances that made much of the world stable for business after World War II.  Is it a sign of dominance or weakness?
  • South Korean exports show signs of weakness and global trade tensions.
  • Quote of the week:  “The benefits of a tariff are visible. Union workers can see they are "protected." The harm which a tariff does is invisible. It's spread widely. There are people that don't have jobs because of tariffs but they don't know it." – Milton Friedman
  • U.S. showed signs of weakness even before trade tensions escalated.
  • A look at U.S. exports to China 2025.