Economy
August, 2025
Soybean farmers who probably voted for Trump are now on the verge of bankruptcy because of his trade wars with China.
Jessica: These are headlines. In wake of trump tariffs, John Deere announced layoffs. Pepsico will increase prices by 10%. Sony is raising PS5 prices in the U.S. by $50 across all models and electric bills are up 10% so far this year.
BlackRock is trying to buy up electric utilities in US states. It hopes to profit by increasing electricity bills for customers.
The Bay Area alone has a larger economy than 45 states, and almost similar size to the whole Texas Triangle