I’m covering the impact of tariffs and quotas (general, antidumping, countervailing subsidy, section 232) and updated some graphs on steel employment, production, and prices. Here’s one particularly interesting one:
Category Archives: Trade Policy
US Exports in the Wake of the Trade War
Compiling graphs for a trade course, and lo what did I see:
An Effective Anti-Inflationary Measure
As noted by Jeff Frankel:
In terms of what the president can actually control to reduce inflation, one neglected tool is trade policy. Former President Donald Trump put these tariffs on aluminum and steel, and everything we import from China — all kinds of goods. The tariffs raise prices to consumers. It seems to me a no-brainer to undo those barriers. Biden should be able to get China and other countries to reciprocally lower some barriers against us. But with or without that, removing tariffs could bring down consumer prices and prices to businesses for steel and aluminum and all kinds of inputs immediately. That’s the one thing that the government could most rapidly control.
Aggregate Real Imports and Exports, through the Trade War
From the advance GDP release:
Nonresidential Investment-GDP Is Low, but Higher than Just Before the Pandemic
In Jim’s review of the Q3 advance release, he noted disappointments in residential investment. What is also worrying is the deceleration in real business fixed investment growth, and the decline in equipment investment.
US-China Economic Relations on Talking Trade
I had the pleasure of speaking with UW’s Ian Coxhead and Sandi Siegel, President of MITA and of ME Dey, at Talking Trade last week about trade, direct investment and competition in technology production.
Wisconsin Manufacturing Employment and Manufactured Exports
Does Wisconsin’s fortunes — as a manufacturing heavy state — depend on what happens in the rest-of-the world? The answer is, partly, yes…
“The impact of lockdowns on international trade”
Rashomon on E Street, SW
Regarding a report released by the International Trade Commission, The Coalition for a Prosperous America – a pro-protection organization led by a former Nucor CEO/Chairman – notes Government Study Shows Free Trade Deals Produced Little Benefit Except for Multinationals :
Hendrix and Noland, “Assessing Potential Economic Policy Responses to Genocide in Xinjiang”
From Cullen Hendrix and Marcus Noland at Peterson Institute for International Economics, “Assessing Potential Economic Policy Responses to Genocide in Xinjiang” – Economic Policy Responses: