Trump's plan to alter Nafta could end up hurting US manufacturing
Limiting imports encouraged by Nafta could raise cost of making goods at many US factories and provoke Canada and Mexico to similarly restrict trade
Lexington, Kentucky
NEVER mind the refrain that the American factory is supposedly a dinosaur in the age of globalisation. Here in the heart of horse country, some 700 US workers are designing and building premium ceiling fans. They tap local engineering prowess and export their wares around the world using a whimsical brand: Big Ass Fans. (Yes, that is really its name.)
But if the company stands as refutation to the premature obituaries for US manufacturing, the people running the operation worry about a looming risk. Talk of trade hostilities from Washington could shrink the globe, potentially yielding policy that could limit US exports while impeding access to crucial components of manufacturing.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Israel concerned over possible ICC arrest warrants related to Gaza war
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
G7 reaches deal to exit from coal by 2035
US, Britain urge Hamas to accept Israeli truce proposal
Saudi Arabia says economic revamp momentum intact as plans shift
German inflation creeps up to 2.4% in April