Chip Shortage Explained. CHIPS Act. There’s a massive shortage in chip manufacturing and it’s causing massive disruption in the global supply chain. Back in September, GM announced that it would have to shut down 8 manufacturing plants in North America for two weeks just because of the chip shortage. Now the government wants to get …
U.S. Votes To Revoke ‘most-favored’ trade status for Russia, Belarus The US voted to end normal trade relations with Russia last week by revoking it’s “most favored trade nation” status. It means that they will no longer receive preferential tarif treatment and it will make Russia even more isolated from the global trading system. What …
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