"The CEO Who Says an Asteroid is Coming to Destroy America's Businesses"

The existential threat to so many small businesses, and I believe made perfectly clear to the powers that be, tell me that we're going to see a dramatic reduction in the tariff rates on China, along with plenty of deal announcements this month but will it come soon enough and will the tariff rate reductions be enough to manage and survive?

In the Weekend WSJ if you didn't see there was an article on Ryan Peterson, the CEO of Flexport, a logistics management company. The piece was titled "The CEO Who Says an Asteroid is Coming to Destroy America's Businesses." Ryan said "If they don't change the tariffs, it's going to be an extinction-level, asteroid-wiping-out-the dinosaurs kind of event. Only these aren't dinosaurs. These are dynamic, healthy businesses." The article then said, "He knows this because those businesses are his customers. They use Flexport to transport products from the factory to your front door. Peterson's company handles everything from booking space on planes, trucks and enormous ocean carriers to managing all the tedious paperwork along the way."

"If the tariffs on Chinese goods continue at this rate, he says, thousands of American companies will fail and millions of employees will lose their jobs." I'll add, luckily he's being proactive in spreading this message, seemingly obvious to us, but apparently not others. "This past week, he traveled from San Francisco to Washington, DC where he spent two days meeting with government officials to make the case that tariffs pose an existential threat to his customers." https://www.wsj.com/business/tariffs-china-ryan-petersen-small-business-35f99669

The Asia Bloomberg Dollar spot index is rallying for the 5th day in the past 6 on hopes for trade deal announcements. The move particularly in the Taiwanese dollar is quite a sight as it's up almost 8% over the past week vs the US dollar and at one point overnight was up 4% alone, closing higher by about 2.5%.