Trump trade policies could cost millions of U.S. jobs and hurt companies like UPS - Marketwatch
President-elect Donald Trump’s promises to take U.S. trade policy in a new and radically different direction has created uncertainty for major companies whose businesses rely on moving goods across borders, as well as American workers who depend on trade for their livelihood.
“Attempts to protect U.S. manufacturers through renegotiating free-trade agreements may backfire, by hampering global supply chains and export markets,” Morgan Stanley wrote in a note published Wednesday.
President-elect Donald Trump’s promises to take U.S. trade policy in a new and radically different direction has created uncertainty for major companies whose businesses rely on moving goods across borders, as well as American workers who depend on trade for their livelihood.
“Attempts to protect U.S. manufacturers through renegotiating free-trade agreements may backfire, by hampering global supply chains and export markets,” Morgan Stanley wrote in a note published Wednesday.