I don’t pay close attention to prices of groceries, but the other day, I saw the price of pork chops and said to myself “darned if that isn’t remarkably cheap for pork chops.” So tonight’s dinner has inspired me to give thanks for DJT’s actions.
Category Archives: China
2017 Export to China Dependence, by State
Using Census and BEA data, one can assess at least in first order terms, what states will be impacted by tariffs against US exports — as well as the CNY depreciation that has occurred in the last few months.
As the CNY Goes, East Asia Goes…Maybe
For whatever reasons — capital outflows, PBoC non-intervention — the yuan has depreciated substantially since the Trump administration has announced Section 301 actions against China. This has implications not just for the CNY/USD exchange rate, but also other East Asian currencies.
Who Is Kudlow?
Is he Willoughby or is he Hillenkoetter, or neither?
Who Will Relent – Xi or Trump? On Actual and Perceived Payoff Matrices
NEC Chair Kudlow in response to the Chinese threat to impose tariffs on an additional $60 billion worth of goods (from Bloomberg).
“Their economy’s weak, their currency is weak, people are leaving the country. Don’t underestimate President Trump’s determination to follow through.”
Who Will Help the Hogs?
Unlike soybeans, I’ve seen no rebound in hog prices (front month futures) with the announcement of the $12 billion farm bailout:
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At Business Cycle Frequencies, Macro Dominates in Trade Flows
Just a reminder, the Chinese have an instrument we do not; the question is whether they dare use it:
Pork Exports to China Zero’d Out?
According to Prof. Mary Lovely, trade economist at Syracuse University:
“In recent weeks, the U.S. Department of Agriculture has reported zero weekly export sales of pork to China. … So our exports to the country have pretty much collapsed.”
Under what conditions does “Trade Is war but by another means” make sense?
That’s a comment made by an Econbrowser reader. Initially, I thought this was the stupidest thing that had been written since Don Luskin decried recession doomsayers in September of 2008. Upon reflection, I still think it’s pretty stupid, but the statement could be better re-written as “Trade can be war by other means.”
The Administration Proposes Another $200 bn Taxable Imports of Chinese Goods
The announcement of proposed items is here. From the announcement:
USTR and the interagency Section 301 Committee carefully reviewed the public comments and the testimony from the public hearing. USTR and the Section 301 Committee also carefully reviewed the extent to which the tariff subheadings in the April 6, 2018 notice include products containing industrially significant technology, including technologies and products related to China’s “Made in China 2025” industrial policy program.