Jul 14, 2018

Go deeper: Hyperlocal headlines illustrate impact of Trump's trade war

Erica Pandey, author of @Work

Workers pack lobsters to export from Maine to China. Photo: Gregory Rec/Portland Press Herald via Getty Images

President Trump's trade wars are hitting businesses large and small in every corner of the country.

The big picture: This week, a slew of local news headlines tell stories of manufacturing plants or development projects derailed by tariffs. Together, they warn of the potential impact on the American economy of an escalating global trade fight.

The headlines:

"Utah's new prison could cost millions more than projections thanks to steel tariffs" by RaeAnn Christensen. (KUTV local TV)

  • The details: The $700 million project for a new state prison could increase by as much as $15 million more expensive due to costlier steel.

"Some farmers fret amid trade war, animating ND’s Senate race" by John Hageman. (Bismarck Tribune)

  • The details: North Dakota farmers are doubly hit. They face China's retaliatory tariffs on American agricultural products and more expensive equipment due to Trump's steel tariffs. "Right now, I am the most scared I’ve ever been as to where the future of farming is going," Randy Richards, the Steele County president for the North Dakota Farmers Union, told the Tribune.

"In South Dakota, patience wears thin as tariffs hit home" by Dana Ferguson and Jeremy Fugleberg. (Argus Leader)

  • The details: South Dakota farmers fear the same as their counterparts in the North. And ranchers in the state are bracing for the impact on Chinese retaliation against American beef.

"Which Wisconsin exports are Canada's tariffs hitting the hardest?" by Scott Gordon. (WisContext)

  • The details: Canada is the largest destination for goods exported from Wisconsin, and Canada's retaliation to steel and aluminum tariffs are striking greeting cards, tissue paper, napkins, toilet paper, playing cards as well as farm products from Wisconsin.

"Eugene bike firms oppose tariffs on components, e-bikes" by Tom Adams. (KVAL local TV)

  • The details: Hanna Scholz — a local bike shop owner in Eugene, Oregon — says she'll have to raise prices for bikes "quite a bit" if the Trump administration's proposed tariffs on the Chinese raw materials her shop uses to build custom bikes go into effect.

"Tariffs Hit Maine's Lobster Industry" by Weekend Edition (NPR)

  • The details: "Dealers ship millions of dollars' worth of live Maine lobster to China but much of that business may be headed to Canadian lobstermen after hefty new tariffs."

Go deeper

Humility for forecasters: Jobs shocker is record miss

President Trump speaking in the Rose Garden following the release of the jobs report on May 5, 2020. Photo: Jonathan Newton/The Washington Post via Getty Images

Economists were projecting that May's jobs figures would show a loss of 8 million jobs and an unemployment rate approaching 20% — Great Depression territory.

The state of play: Instead, a record 2.5 million workers were added, and unemployment fell to 13.3% from April's post-World War II high of 14.7%.

Updated 51 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 6,772,361 — Total deaths: 395,703 — Total recoveries — 2,772,730Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 1,898,401 — Total deaths: 109,137 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: Fauci: "Very concerned" about spread of coronavirus amid George Floyd protests — Cities offer free coronavirus testing amid protests
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.

Trump's week of viral quicksand

Data: NewsWhip; Chart: Andrew Witherspoon/Axios

Stories about President Trump's photo op at St. John's church after peaceful protesters were forcefully cleared from the area averaged the most online attention of any issue about the president this week.

Why it matters: Trump's force-over-compassion approach to the demonstrators protesting the murder of George Floyd had Republican allies backpedaling to keep a distance — and led to a wave of condemnations that got plenty of online traction on their own.