Business worried about trade war

[struggle4progress]

PUBLISHED 3 HOURS AGO
UPDATED 2 HOURS AGO

... The Fed’s so-called “Beige Book” report, a compendium of anecdotes on the state of the economy, pointed to numerous cases of businesses citing concern over the Trump administration’s trade war with China.

“Contacts in the corrugated packaging industry reported slow growth attributed to the current trade dispute with China,” the Fed said in the report, referring to activity in the St. Louis Federal Reserve Bank’s district in the middle of the country.

The report was prepared with information from business contacts through May 24, meaning it caught none of the uproar in business circles over U.S. President Donald Trump’s threat last week to slap new tariffs on all Mexican imports if Mexico doesn’t crack down on illegal immigration into America ...

https://www.cnbc.com/2019/06/05/fed-says-trade-tensions-hit-manufacturers-retailers.html

[Wellstone ruled]

1. Just happen to have a

family member involved in the Corrugated Package industry. Things went from bad to worse this week for he and his Firm. Carton Orders as well as Labels were put on hold till further notice by most of his Mexico Customers.

Which means,a couple of their Plants will have to layoff workers in order to adjust work loads. Oh,and the new machines of Label placement are now on hold till further notice as well. Thousands of Dollars of Commissions lost.