The president has spoken of tariffs as a tool to encourage the reshoring of jobs back to the U.S. Although this may be true for large-scale manufacturing—Volvo is increasing production at its Ridgeville plant in South Carolina, for example—it is not true for many firms which rely on China for production. Three-quarters of all U.S. toys are manufactured there.
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THR published WBD CEO David Zaslav’s memo to staff about the Netflix acquisition.
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