You might well wonder why China didn’t retaliate against US soybean exports in the wake of Trump’s 10% tax on Chinese goods. Was it because heavy tariffs were already in place in response to the earlier Section 301 tariffs? No, given the Phase 1 of the trade deal (not that there was ever a Phase 2), tariffs were reduce. Here’s the current situation, from the National Corn Growers Association.
Category Archives: China
“… the turn of the 21st century was a significant inflection point in the US economy. “
A reader sends me a missive with this line, and (among others) a picture of manufacturing employment. I reproduce (on an annual basis) this series back to 1960 in the figure below.
Pecuniary Benefits of Showing the Flag
How Competitive Is China?
This probably seems like a silly question, but it’s actually a hard one to answer quantitatively.
Guest Contribution: “The Diminishing Impact of Exchange Rates on China’s Exports”
Today, we’re fortunate to have Willem Thorbecke, Senior Fellow at Japan’s Research Institute of Economy, Trade and Industry (RIETI) as a guest contributor. The views expressed represent those of the author himself, and do not necessarily represent those of RIETI, or any other institutions the author is affiliated with.
US Tariff Pass-Through on Chinese Imports Is High
So be prepared. From Feng, Han, and Li (2023):
The Likelihood of a Plaza Accord 2.0
Mark Sobel at OMFIF discusses the likelihood of an new Plaza Accord to depreciate the dollar. Given one would need Euro area and Chinese agreement, the assessed likelihood is low
Ruble Devaluation Giveth and Devaluation Taketh Away
Consider the ruble/yuan exchange rate.
Nick Lardy on China’s Rise and Economic Conflict with the US
This Thursday 4:30 CT at UW:
China Policy Moves in Context
PBoC and financial regulators act, but even with fiscal measures underway, are unlikely to drastically change the path of the economy.