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This week's Economic Update looks at how US production of wheel-barrows moved to China, and how the U.S. is adopting a Cold War mentality against China. Also discussed are the socioeconomic effects of US federal workers' being fired, as well as how tariffs alone won't reshore manufacturing. Professor Wolff then delves into the declines in US coal mining, in sales of US McDonald's hamburgers, along with commentary of the economic decline in Europe.