Afternoon Coffee: Trump Adviser Says U.S. Will ‘Reclaim’ Global Supply Chain, Aerospace Suppliers Worry About Boeing

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In a conference address to economists Monday, White House trade adviser Peter Navarro made a case for seeking more “reciprocal” trade with other countries to boost U.S. growth. He identified 16 nations that account for a majority share of the U.S. trade deficit, which the Trump Administration hopes to narrow, Bloomberg reports.

“One of the goals of the Trump administration is to reclaim all of the supply chain and manufacturing capability that would otherwise exist if the playing field were level,” Navarro said.

Aerospace Suppliers Nervous

 All of this talk of border taxes and new trade deals, however, is starting to worry companies a few tiers down the supply chain. Aerospace companies particularly dependent on Boeing, for example, are concerned that Trump’s policies could make the Chicago-based jet manufacturer less competitive with Airbus, causing a ripple effect that ends in job cuts at smaller suppliers.

Commodities Rally Changes Currency Market

 The commodities rally that accompanied the start of the new year has mostly slowed, the Wall Street Journal writes, and currency traders are starting to look to new tactics. One popular theory is that industrial demand from the United States and China is set to increase this year, causing prices for industrial commodities such as coal and iron ore — as well as the currencies from producers such as Australia — to grow faster than that of agricultural products.

Blockchain Gains Ground in Retail Supply Chain

 And finally, the “it” technology of 2017 is starting to gain traction in real supply chains: Wal-Mart is starting to track pork chops, shipping containers, footwear and more with a blockchain solution from IBM, according to the New York Times.

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