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Tag Archives: trade

TaskRabbit kicks off Canadian expansion

TaskRabbit officially launched in Canada today. The on-demand network that connects people with “taskers,” or others willing to do their household chores or errands for a fee, is kicking off its Canadian expansion in the greater Toronto area before rolling out in Vancouver in October and Montreal sometime in 2019. This is the first major move abroad for the company in some time, as well as its first move under IKEA’s ownership. TaskRabbit first expanded beyond the U.S. in 2014, when it launched its app in the UK. Otherwise, the service is only available in North America. IKEA bought TaskRabbit 1 year ago as part of a deal that has allowed the company to operate independently from the Swedish furniture retailer under CEO Stacy Brown-Philpot. TaskRabbit, before its exit, had raised $38 million from investors including Founders Fund, First Round Capital and Floodgate. IKEA has bought TaskRabbit

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Trump wants to just tariff the hell out of China

Another day, another whopper of a tariff. The Trump administration has been busy finalizing the rulemaking process to put 25 percent tariffs on $200 billion of Chinese goods , which will almost certainly affect the prices of many critical technology components and have on-going repercussions for Silicon Valley supply chains. That followed the implementation of tariffs on $50 billion of goods earlier this year . Now, President Trump, as reported by reporters on Air Force One this morning, has said that he is prepared to triple down on his tariffs strategy, saying that he is ready to add tariffs to another $267 billion worth of Chinese goods. Although the president has a flair for the dramatic in many of his policies, the China tariffs are one arena in which his rhetoric has matched the actions of his administration. Each set of these tariffs has been vociferously opposed by tech industry trade groups, but their concerns seem to have had little effect on the administration’s final thinking. Jose Castaneda, a spokesperson for the Information Technology Industry Council, called this next wave of potential tariffs “grossly irresponsible and possibly illegal.” Yet, despite the constant threat of more tariffs, CFIUS reforms , and the ZTE debacle , China continues to dominate trade with America. Numbers released by the Department of Commerce this week showed that America’s trade deficit with other nations reached five-year highs in July, surpassing $50 billion for the month, with the China trade goods deficit hitting $36.8 billion. These numbers may well have triggered the president’s latest comments. They may also have been triggered by the recent anonymous op-ed in The New York Times , in which a Trump “senior administration official” said that “Although he was elected as a Republican, the president shows little affinity for ideals long espoused by conservatives: free minds, free markets and free people…. In addition to his mass-marketing of the notion that the press is the ‘enemy of the people,’ President Trump’s impulses are generally anti-trade and anti-democratic.” Anti-trade or not, it is clear that the package of tariffs and other policy reforms have done little to dampen the trade deficit or trigger a broad restructuring of the supply chains underpinning American brands. In my discussions at the Disrupt SF 2018 conference the past few days, one persistent theme has been the durability of certain Chinese cities — particularly Shenzhen but not exclusively — to weather these trade storms.

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US targets Chinese tech with a 25 percent tariff

Donald Trump has slapped a 25 percent tariff on $50 billion worth of Chinese goods, significantly ramping up trade tensions between the nations. The tariff applies to "industrially significant" goods in sectors like aerospace, information tech, robot...

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