To understand how a trade war is playing out beyond stock market gyrations and European economies, take the Mass. Pike west to a part of the state where manufacturing remains a way of life for many people.
“I don’t know a single manufacturer this has not affected,” said Kristin Carlson, CEO of Peerless Precision, which makes parts for the aerospace and defense industries. “The buzzword is China, but the tariffs go beyond China. . . . It’s a whole fistfight right now.”
President Trump’s extraordinary tariff war, which began in the spring of 2018, has had a ripple effect on the global supply chain, driving up the price of imported raw materials like steel and aluminum and imported goods like washers...FULL STORY
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Boston Globe