Bloomberg (October 22)
“Six months into Donald Trump’s trade war, the resilience of Chinese exports is proving just how essential many of its products remain even after US levies of 55%.” The weaknesses of Trump’s tariffs are becoming clear. They “appear somewhat limited in their ability to control what American firms import, as China’s sway over sectors such as rare earths and electronics makes its products hard to dislodge.” On top of that, loopholes play a factor. “American importers are able to pay a lower levy by declaring the customs value of goods based on their first sale in a third country, and then raising the price when the items reach a US port. Transhipping via Mexico or Vietnam means some firms are likely not paying the full tax.”
Tags: China, Customs value, Dislodge, Electronics, Essential, Exports, Importers, Loopholes, Mexico, Price, Products, Rare earths, Resilience, Tariffs, Trade war, Transhipping, Trump, U.S., Vietnam
New York Times (June 12)
“Something truly terrible happened on Jan. 6, and confronting it is essential to healing our divided nation.” The hearings aren’t “simply about holding Mr. Trump, his allies and the flag-draped thugs storming the halls to account. The hearings challenge all Americans to recommit to the principles of democracy, ask how important those values are to us and face the threats posed to our democratic way of life.”
Tags: Challenge, Democracy, Divided nation, Essential, Healing, Hearings, Jan. 6, Recommit, Terrible, Threats, Thugs, Trump, Values
Seattle Times (June 1)
The cannabis industry “had a breakout moment during the pandemic. Legal cannabis sales in the United States passed $17.5 billion in 2020, a 46% increase over sales in 2019. For many Americans, stocking up on marijuana was as essential as stocking up on toilet paper. And the industry found a way to get it to them.”
Tags: Breakout moment, Cannabis, Essential, Increase, Industry, Legal, Pandemic, Sales, Stocking up, Toilet paper, U.S.
