Tariffs are a messy business

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Oct. 8, 2024

Workers outside Chinese-owned CIE Manufacturing in Emporia, Virginia. Photographer: Matt Eich for Bloomberg Markets

Read the story Pittsview, Alabama, and Emporia, Virginia, are the sort of forgotten communities that make up much of rural America. They also sit on opposite sides of a yearslong tariff battle between the US and China over a mundane product the global economy needs to keep moving: shipping container trailers. During the pandemic supply chain mess, a shortage of trailers left stacks of containers stranded at ports, contributing to a cost-of-living crisis that hangs over this year's US presidential election. The conflict isn't political in the blue-state-versus-red-state sense, but tariffs are a messy business that usually hurt consumers. The story of these two towns shows just how surprising the consequences can be for the industries supposedly being protected. Read The Big Take.

Listen to the podcast A year ago yesterday, Hamas attacked Israel and Israel responded by declaring war. Today on the Big Take podcast, Bloomberg's Ethan Bronner joins host David Gura to reflect on how the Oct. 7 attacks have transformed the Middle East and what comes next. Subscribe and listen on iHeart, Apple and Spotify.

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