Trade Tensions and Economic Impacts

This chapter explores the escalating trade war between the US and China, highlighting the Federal Reserve's warnings about the repercussions of increased tariffs on global trade and inflation. It examines the strategic shifts in manufacturing and sourcing, the complexities of supply chains, and how businesses are adapting to navigate these turbulent economic conditions. Additionally, the discussion includes insights into the impact of direct-to-consumer sales and the challenges presented by varying product quality amid rising tariffs.