Daily Memo: Tariff Trouble, Casualties of the US-China Tech War, Tunnels Into Israel

All the news worth knowing today.

GPF Staff |December 8, 2018

U.S. tariffs aren’t exactly having their intended effect. On Friday, the Wall Street Journal reported that U.S. steel imports grew 7 percent in October month on month, despite the 25 percent tariff President Donald Trump’s administration imposed on the product in the spring. U.S. steel workers are still benefiting from the tariffs; a 5 percent jump in domestic production this year has led to a 3 percent increase in steel manufacturing payrolls. But since U.S. producers still don’t make enough steel to meet domestic demand, steel prices in the United States have surged as well. The benchmark price for hot-rolled coiled sheet steel, for example, has climbed 22 percent in the past year, hurting U.S. industries that rely heavily on the commodity, such as the auto manufacturing industry. The report came a day after the Department of Commerce released new figures showing that the U.S. trade deficit reached its widest point in a decade in October – the fifth consecutive month of defic

Get full access now:

Get access to all In-Depth Content

Over 10,000 Premium Readers

One Month Introductory Offer One month for $9.99, then $39 quarterly
$9.99
Subscribe
3 Months Introductory Offer Three months for $29, then $35 quarterly
$29
Subscribe

Reader feedback

“I want to thank you for all your writing. Your look at history--causes, motivations, effects--is so astounding against the mainstream dates, events, and bias. I read as much of your site as I can, but I most of all love the look at history. Nobody has as profound a look at American & European history, or WWII. You are peerless.” Christopher T. of Raleigh, NC
“The material is always well-written, and is very useful for understanding the significance of important issues developing across the world.” Beckett T. of Washington
“Geopolitical Futures' insights are mind-blowing. Their analyses never fail to distill order from the jumble of current events. No other publication comes close to the caliber of Geopolitical Futures' forecasts.” Bill S. of California
“Your emails is my best link to understanding what is going on in the world's hot spots without the extreme typical media bias. Keep up the great work. Thanks for your considerable efforts.” David H.
“Geopolitical Futures is unparalleled for open source analysis. It's like they have a crystal ball. I'm jealous of George Friedman's ability to effectively communicate such a complex world in such relatively simple terms. I'd pay far more money than I am now to keep this service. I feel like I'm stealing.” Dominic F. of Virginia
“Your analysis is thought-provoking and informative. I am a geopolitical hobbyist, but I also use your information to manage my retirement portfolio. I love your cogent, dispassionate analysis. Kudos to you.” Kevin A of Maryland
“I was an Economist subscriber. No longer. I find your articles insightful, easy to read, and only takes few minutes a day to stay informed. Bravo!” Pat G.
“The best analysis out there, by far. As a geopolitical analyst, you guys are an inspiration, a reference and a constant motivation for improvement. Thanks for the rigour and the high quality you deliver in all of your work!” Ricky M. of Panama
“I think you doing an excellent job keeping people informed about global trends. You are doing analysis in a timely manner for events across the globe which is challenging task. Keep up the good work!” Nicolae C. of Romania
“The insights that you offer often go against "conventional wisdom" and conformist views. However, more often than not, your profound assessments and forecasts, which stem from a deep understanding of a wide range of associated dynamics, have turned out to be correct with passage of time. It is for these reasons that I invest in your work.” K Singh of India
“One of the vanishingly few analysis publishers that try to understand the current situation in light of local, regional and international facts and historical events, with no discernible bias, a transparent effort to overcome cognitive bias, and refreshing willingness to go against the current when seeking to shed light on events.” Ian W. of Paraguay

Get full access now:

Get access to all In-Depth Content

Over 10,000 Premium Readers

One Month Introductory Offer One month for $9.99, then $39 quarterly
$9.99
Subscribe
3 Months Introductory Offer Three months for $29, then $35 quarterly
$29
Subscribe