Part 6/10:
He attributes these layoffs to a combination of rising input costs—due to trade tensions involving China, Japan, and Canada—and the inability of companies to pass these costs onto consumers. As input prices climb, companies are trimming their labor forces to maintain profit margins, signaling a tough balancing act for corporate management.
The Role of Trade Policies and Global Deals
Conn suggests that ongoing trade negotiations with countries like China, Japan, and Canada will influence input costs and, consequently, corporate decisions. He advocates for resolving trade disputes to stabilize costs, enabling manufacturers to better plan their operations and employment strategies.