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German Automakers At Odds With Trump

It’s Germany’s turn to feel the heat after President-elect Donald Trump turned his ire on the country’s automakers, its supposed dominance of the European Union, and the failings of Chancellor Angela Merkel’s refugee policy. In a weekend interview given jointly to Germany’s biggest tabloid, Bild-Zeitung, and (somewhat incongruously), the august Times of London, Trump repeated […]

Dario Lopez-Mills / AP

Mexico Wants To Re-Negotiate Nafta With Trump As Soon As Possible

MEXICO CITY – Mexico’s new foreign relations secretary says the country isn’t only willing to negotiate changes to the North American Free Trade Agreement, it wants negotiations as soon as possible. Luis Videgaray says there’s “enormous uncertainty” following the U.S. election of Donald Trump as president. Trump has pressured companies not to move jobs to […]

68 Macy stores closing, 10k jobs to be cut

The announcement was issued alongside an unfavorable earnings report, showing comparable store sales dipped 2.1% last quarter. The news caused its stock to plunge nearly 10% during after-hours trading Wednesday. Macy’s (M) said it expects to layoff about 3,900 workers as a result of the upcoming store closures, and another 6,200 jobs will be cut […]

Christopher Booker/PBS NewsHour

Globalization Has Hurt The American Laborer

The states that put Donald Trump over the top to win the presidential election were all hit incredibly hard by global competition in manufacturing. From 2000 to 2010, following China’s admission to the World Trade Organization, Ohio lost 368,000 manufacturing jobs, North Carolina lost 360,000 manufacturing jobs, Michigan lost 340,000, and Pennsylvania lost 314,000. While […]