The Boss, Tariffs, and Flying Taxis: How Trump's Policies Are Disrupting World Trade

Bruce Springsteen didn"t mince words when he called Trump "corrupt, incompetent, and treasonous" at his Manchester concert this week. As it turns out, The Boss might have a point when it comes to trade policy.  The chaos unleashed by Trump"s tariff regime is sending shockwaves through global supply chains, and American consumers will soon feel the pain in their wallets. Walmart has confirmed what economists feared – prices will jump within a month as the layered tariff structure pushes rates to astronomical levels. We"re talking about tariffs of 46.5% on sweaters from China, 55% on swimsuits, and 41.5% on children"s clothing. Some everyday items face combined tariffs of 70% when you stack the various charges: Section 301 tariffs, fentanyl-related tariffs, reciprocal tariffs, and more. The automotive industry is reeling, with Nissan announcing potential cuts of 20,000 jobs and the closure of 7 plants. Technology manufacturers like Foxconn are reconsidering investments, and the pharmaceutical industry faces pressure from executive orders forcing price reductions. While the US government celebrates collecting $16.3 billion in tariff revenue in April (up from $7.1 billion last year), they conveniently ignore who"s actually paying – American consumers and businesses. Meanwhile, Trump"s Middle East tour secured $142 billion in deals, mostly for defense equipment, while Middle Eastern countries invest heavily in artificial intelligence infrastructure. Qatar agreed to buy 210 Boeing aircraft, and Saudi Arabia launched a state-backed AI company called "Humane" focused on developing Arabic language models. As businesses tear up profit forecasts and consumers brace for higher prices, one thing becomes clear: Trump"s tariff tyranny creates winners and losers – and everyday Americans are squarely in the latter category. Subscribe to Chain Reaction for weekly insights into how global events impact supply chains and ultimately, your bottom line. Send us a text You can follow Chain Reaction on LinkedIn, Twitter and Facebook Support the show THANKS FOR LISTENING PLEASE SUPPORT THE SHOW You can support the podcast by following the link here. It makes a big difference and helps us make great content for you to listen to. Follow like and share the Chain Reaction Podcast with colleagues and friends on social media: Facebook, Twitter, LinkedIn. News about forthcoming programmes click here SHARE Please share the link with others so they can listen too https://chainreaction.buzzsprout.com/share LET US KNOW If you have any comments, suggestions or questions then just direct message on Linkedin or X (Twitter) REVIEW AND RATE If you like the show please rate and review it. Every vote helps. About Tony Hines and the Chain Reaction Podcast – All About Supply Chain Advantage I have been researching and writing about supply chains for over 25 years. I wrote my first book on supply chain strategies in the early 2000s. The latest edition is published in 2024 available from Routledge, Amazon and all good book stores. Each week we have special episodes on particular topics relating to supply chains. We have a weekly news round up every Saturday at 12 noon...