News Summary

• As a direct consequence of the new American war in the Middle East, costs of sourcing, production and end-to-end logistics have skyrocketted since early March.
• With the blockade of the Strait of Hormuz, some countries in the Asia Pacific region are already out of oil.
• Next, factories are likely to reduce or stop their productions.
• Who needs tariffs on products that aren’t imported?
• It’s not as if the U.S. needs to import anything.