Tag: Supply Chains

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

Tina Marie (Ms. Cat)

Import tariffs placed on more than US$300 billion worth of Chinese goods during the Trump administration increased US prices, according to a report from a bipartisan US trade commission, confirming a widely held view among analysts of trade and tariffs that they caused “self-inflicted harm”.

How much did Trump-era tariffs on China cost Americans? New US findings confirm ‘self-inflicted harm’

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage + manufacturing chips in the US could make smartphones more expensive

Tina Marie (Ms. Cat)

America’s $52 Billion Plan to Make Chips at Home Faces a Labor Shortage

Another possible fix would be to keep people in the workforce longer, by raising the age at which workers can begin collecting Social Security or tapping into their pensions or 401(k)s. Yet Harry Holzer, a former US Department of Labor chief economist now at Georgetown University, says that neither feels politically feasible right now. Immigration has been a toxic issue in American politics for years, and Social Security has long been an untouchable entitlement. “None of that is doable,” Holzer says, which means “our labor force growth is going to continue to be modest.”

Related:

How manufacturing chips in the US could make smartphones more expensive

Morcos says a top concern of his is the narrowness of the CHIPS Act. Without bringing related device manufacturing back to the U.S., such as device batteries, sensors, cameras, antennas, and hundreds of other components, the manufacturing process could require the most critical component to be produced stateside, then shipped overseas to be assembled with hundreds of other components into a device that is then shipped back to the U.S. for the American consumer.

Work longer, for less pay, and you still won’t be able to afford the latest smartphone or laptop?! 🤷🏼‍♀️

Lockheed’s HIMARS plant gearing up to meet demand after Ukraine ‘success’

Tina Marie (Ms. Cat)

Lockheed’s HIMARS plant gearing up to meet demand after Ukraine success

On an earnings call with investors Lockheed’s CEO said “on HIMARS specifically, we’ve already met with our long lead supply chain to plan for increasing production to 96 of these units a year.” Lockheed started 2022 with a HIMARS launcher production rate of 48, but has since ramped up to 60 year.

Amazed that they make them, manually! No wonder they only make 60 a year! I used to work in automotive manufacturing and we made more than 96 per day! Lots of automation and air-powered tools were involved!

NATO majors float Ukraine negotiations plan – WSJ

Tina Marie (Ms. Cat)

UK, France and Germany reportedly offered weapons and security commitments as a way of starting talks with Russia

NATO majors float Ukraine negotiations plan – WSJ

Related:

WSJ: NATO’s Biggest European Members Float Defense Pact With Ukraine

In theory, any NATO member could veto the proposal from the U.K., France and Germany, but the organization operates on consensus and such an initiative wouldn’t even be discussed at a summit without enjoying widespread support in the alliance.