A New ‘China Shock’ Is Destroying Jobs Around the World
Bloomberg reports that from Indonesia to Mexico, job losses could mount as Trump’s tariffs divert even more Chinese exports from the US.
Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens of once-bustling garment factories sit empty behind locked gates. At a coffee shop not far from the plant where he was employed for more than three decades, 53-year-old Hariyanto blamed cheap imports from China for the... ...
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