> Ryan Petersen, CEO of Flexport, a global logistics firm, warned in a series of posts on X that ocean freight bookings from China are down 50 percent since Trump's tariffs hit. That could potentially wipe out as much as $1 trillion in economic activity if the tariffs remain in place for a full year, he estimated.
Thread: https://threadreaderapp.com/thread/1912890256216695002.html
i'm fairly certain this was the intent.
"Goldman Sachs estimates that the tariffs will create about 100,000 manufacturing jobs while destroying 500,000 others. In Pennsylvania, it's already starting"