Afternoon Coffee: U.S.-China Trade War Escalates; Adents, Microsoft Introduce Blockchain-Based Supply Chain Solution

Subbotina Anna/ Adobe Stock

The Trump administration announced today that it will impose tariffs on $50 billion of Chinese products, the New York Times reports. Tariffs on $34 billion of products — which were announced in April — will go into effect July 6, and tariffs on the remaining $16 billion of products will undergo further review.

China’s Ministry of Commerce responded that it will impose tariffs of its own on U.S. products. Although a list of products targeted has not been released, the NYT reports that agricultural products and manufactured goods are likely.

More Smart Stores?

Watch out, Amazon. Microsoft is developing technology to eliminate cashiers and checkout lines from stores, Reuters reports, potentially putting the tech giant into competition with Amazon Go.

Amazon’s automated store tracks what people put into their carts and back on the shelf and allows shoppers to scan into the store with a smartphone and leave once they have finished their shopping. Currently only in Seattle, Amazon Go will soon open in Chicago and San Francisco.

Adents NovaTrack

In more Microsoft-related news, the company has partnered with supply tracking solution provider Adents on a blockchain-based supply chain system that also uses artificial intelligence, Food Engineering reports. The solution, Adents NovaTrack, offers traceability throughout the entire supply chain and debuted at Viva Tech 2018 in late May in Paris.

U.S. Retail Sales Jump

Americans apparently did a lot of shopping this past May. The Wall Street Journal reports that U.S. retail sales rose 0.8% from April to $502 billion, the biggest one-month increase since November.

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