From Spencer Hill/Goldman Sachs “US Daily: Company Views on the Return of the Trade War” [not online].
Category Archives: Trade Policy
The “Blip” Continues! Soybean Edition
A year ago, the July 2019 futures were $10.46, compared to $8.296 today.
Reader CoRev writes on July 9th:
…no one has denied the impact of tariffs on FUTURES prices. Those of us arguing against the constant anti-tariff, anti-Trump dialogs have noted this will probably be a price blip lasting until US/Chinese negotiations end. We are on record saying the prices will be back approaching last year’s harvest season prices.
Guest Contribution: “The Trade War Resumes “
Today, we present a guest post written by Jeffrey Frankel, Harpel Professor at Harvard’s Kennedy School of Government, and formerly a member of the White House Council of Economic Advisers. A shorter version appeared in Project Syndicate on May 23rd.
Driving to War in a Ford Fiesta!
That’s the rationale, according to the Association of Global Automakers, as quoted in Car and Driver! Mr. Trump declares Section 232 tariffs for automobiles.
Thus, the Secretary found that American-owned automotive R&D and manufacturing are vital to national security. Yet, increases in imports of automobiles and automobile parts, combined with other circumstances, have over the past three decades given foreign-owned producers a competitive advantage over American-owned producers.
Guest Contribution: “How East Asia Could Confront the Trade Wars”
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.
A Modest Proposal: “Victory Tofu”
America needs all-tofu school lunches, subsidized tofu pizza, a Tofutti ice-cream substitute campaign… and more. I figure 205.4 pounds of tofu per American should do the trick. The situation facing American soybean farmers is dire, as shown below.
Home Before the Leaves Fall – The US in Trade War
Here is the state of play for US tariffs. We’re a developing country!
As Mr. Trump’s trade war lumbers on, with American consumers bearing the bulk of the burden thus far, it’s useful to review the facts regarding the war. Here are the EconoFact articles on trade policy.
“White House Considers Economist Judy Shelton for Fed Board”
That’s the title of an article in Bloomberg:
Shelton, who’s served as an informal adviser to Trump, holds a Ph.D. in business administration with an emphasis on finance and international economics from the University of Utah.
Of Chinese Swine, US Hog Exports, Soybean Prices, and News
Soybean prices continue to plunge (July ’19 futures). Some have argued that decreased demand for soybeans, due to the ongoing African swine fever epidemic in China. The April 9th USDA FAS report contained information on both this, and soy market conditions. If decreased demand for soybeans was due to news about Chinese swine stocks, we would have expected rising US hog and declining soy prices. Yet hog prices have fallen for most of the time since then.
Who’s Getting the Rents?
The import quota rents that is. From Brian Riley/NTUF: