Transatlantic Trade Monitor: Facts You Need Now | Trade shocks, employment and the coming recession | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Trade shocks, employment and the coming reces

Transatlantic Trade Monitor: Facts You Need Now | Trade shocks, employment and the coming recession | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources Trade shocks, employment and the coming reces

Key takeaways The price of new tariffs will first be paid at the ports and then spread out. Roughly 7% of U.S. employment involves transportation and the moving of materials. Beyond the ports, the loss goods will increase prices on incoming supplies of essential items. The recession will start on the docks of Los Angeles. It will be a product of a rational response of producers, wholesalers and retailers to the uncertainty created by policymake…