Afternoon Coffee: Trump Warns of Further Tariffs Actions ‘Soon,’ DocuSign Launches Ethereum Integration

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President Trump said Monday that countries that do not agree to his trade demands will be “tariffed,” supporting expectations that he will move forward with an additional $200 billion of duties on Chinese goods, the New York Times reports. While the White House has put out offers to negotiate with China, President Trump has also threatened to “tax all Chinese goods if Beijing does not change its trade practices,” according to the report.

Procurement organizations looking to get ahead of future tariff decisions should check out our recent coverage of The Right Place/Supply Chain Management Council's Commodity Trends 2019 Outlook event, at which MetalMiner Executive Editor Lisa Reisman presented our 2019 metals outlook.

DocuSign Taps Ethereum 

DocuSign has launched an integration with the Ethereum blockchain as part of its fall 2018 release, according to blog Artificial Lawyer. The capability will allow users to verify signatures and the “integrity” of any DocuSigned document via a prebuilt integration with the Ethereum blockchain.

“For customers that opt in, DocuSign will compute a one-way cryptographic hash fingerprint for every completed transaction, and write the value to the Ethereum blockchain, the most popular blockchain for smart contracts in our view,” said Ron Hirson, chief product officer at DocuSign. “This hash acts as tamper-proof evidence for the transaction and enables any completed document to be validated independently. And by using the Ethereum blockchain, that third-party evidence for a transaction is accessible to anyone.” 

Mangkhut Strikes Philippines, China 

Tropical storm Mangkhut tore through the Pacific and Southeast Asia this weekend, killing at least 64 in the Philippines and causing million to flee in Guangdong, the Guardian reports. The island of Luzon, a key agricultural area in the Philippines, was hit particularly hard. The storm damaged a considerable portion of the country’s rice, corn and other vegetable crops just a month before harvest.

Consumer Sentiment 

And finally, an economic update: U.S. consumer sentiment surged to its second-highest level since 2004, The Wall Street Journal reports, with the University of Michigan’s index reaching 100.8 in September. Improved expectations about the future largely drove the increase. Strong consumer spending has continued to push overall economic growth higher; GDP rose at a 4.2% annual rate in the second quarter.

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