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Iran, US receive plan to end hostilities, immediate ceasefire, source says ReutersUS and Iran receive peace proposal as Trump vows 'hell' if Strait stays shut CNBCIran mediators make last-ditch push for 45-day ceasefire AxiosIran war live updates: Iran and US considering plan for 45-day ceasefire — reports Australian Broadcasting Corporation
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Trump warns Iran to reopen strait of Hormuz by Tuesday or face ‘hell' The GuardianTrump's Lesson From Risky Rescue: Threaten to Go Harder at Iran The New York TimesTrump threatens Iran with a new deadline: What we know about the war, now in its 6th week CNNTrump threatens Iran with ‘Hell' over Strait of Hormuz in profane post The Washington PostTrump Warns Iran He Could Strike ‘Ev
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The economic banishment of all things Russian. Tariffs on Chinese imports. Pandemic-caused shortages of computer chips, bicycles, garage door parts and other imports. Brexit.
Just about everywhere you turn, you can see that the tectonic plates of the global economy have stopped converging and are starting to pull apart in ways that will determine new winners and losers, says Ethan Harris, head of global economics for Bank of America Securities. "Deglobalization is a gradual process, and in the long run, very important" to investors, he says, because it will have profound impacts on corporate profitability.
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Globalization refers to the increase of commerce across borders. U.S. companies prospered for decades as new markets opened for their goods and labor costs plummeted thanks to overseas production. Strategists at BofA have estimated that over the past 20 years, globalization has contributed more than half of what has been a robust expansion in profit margins. Globalization has also helped to deliver low-cost goods to American consumers.
But now, says market strategist Ed Yardeni, the pandemic and spreading political and military conflicts have stretched supply chains past the breaking point, prompting companies to bring many operations closer to home. "Deglobalization was almost inevitable," Yardeni says. U.S. companies are starting to "reshore" production back to the U.S., "near-shore" it to neighbors such as Mexico, or "friend-shore" it to allies such as Vietnam.
Investment firm Piper Sandler counted more than 900 announcements of companies either building or expanding manufacturing facilities in the U.S. in the 12 months ending in May of 2022. In 2012, there were only about 100 such announcements. Over the long term, companies
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