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July 15, 2025

Today in 1959

 Half-million steelworkers began what is to become a 116-day strike that shutters nearly every steel mill in the country. The strike occurred over management's demand that the union give up a contract clause which limited management's ability to change the number of workers assigned to a task or to introduce new work rules or machinery which would result in reduced hours or numbers of employees. The strike's affects persuaded President Eisenhower to invoke the back-to-work provision of the Taft-Hartley Act. The union sued to have the Act declared unconstitutional, but the Supreme Court upheld the law. The union eventually retained the contract clause and won minimal wage increases. The strike led to significant importation of foreign steel for the first time in U.S. history, which replaced the domestic steel industry in the long run. 

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UPS, FedEx Once Handled a Deluge of Packages From China. That’s Changing.
Updated On: May 07, 2025
May 7, 2025 | ECONOMY | Less than a year ago, executives from FedEx and UPS were talking about how they were handling a flood of packages from China to American consumers. Explosive” is how Carol Tomé, UPS’s chief executive, in July described the volume of shipments from e-commerce companies selling Chinese goods in the United States. And FedEx’s chief customer officer, Brie Carere, said about those companies in June, “No one carrier can serve their entire needs.” But that torrent is expected to slow to a trickle after President Trump on Friday closed a loophole that had allowed cheap goods from China to enter the United States without paying tariffs. A falloff in such shipments could deprive companies like UPS, FedEx and DHL of a big source of revenue. The New York Times
 
 
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