Blaming Trump Tariffs Alone for 20,000 Laid Off UPS Workers Hides Key Factor: Stock Buybacks and Wall Street Greed

It’s such a tempting storyline: UPS announces that it will lay off 20,000 workers, citing “changes in the global trade policy and new or increased tariffs.” There you have it. A perfect example of how Trump’s tariffs are screwing working people, many of whom voted for him. Or is it?