Just heard Wilbur Ross say on Bloomberg (roughly 3:35 ET) “The President was serious about fixing the balance of payments problem of the US”. I laughed and laughed and laughed. Maybe he was determined, but he had, like Peter Navarro, no clue about how to do it.
Category Archives: Trade Policy
Import Prices Surprise
The index came in at +0.9% vs. +0.2% m/m.
Infant Industries, Subsidies, Strategic Trade Policy
More to come on how to think about the various tariffs (which seem to come under various authorities, including Sec. 232, Sec. 301, countervailing duties, etc., the White House statement doesn’t spell it all out) in a bit. But first, some slides covering nuances of trade policy (not even thinking about national security issues) from my 2022 trade policy class.
Currency Misalignment Measured Assuming a Balanced Financial Account
The Coalition for a Prosperous America and the Blue Collar Dollar Institute have developed a measure of currency misalignment, reported in their latest Currency Misalignment Monitor (April issue).
“You have to look pretty hard to find the “trade war” effect in the data”
That’s a quote from Bruce Hall, referring to the period 2011 onward. For his reference, I present key indicators of the manufacturing sector during the Trump trade war.
Tracking Wisconsin Manufacturing: Did Tariffs Help?
In a recent Milwaukee Journal Sentinel article (via Pulitzer) Rick Barrett notes “Manufacturing is coming home” to Wisconsin. Does the data support this?
Stephen Moore: “If you liked what Trump did on the economy the first time, you’ll like what he does the second time”
Kim Ruhl: “U.S. China Trade: From the Cold War to the Trade War”
Economics Dept and CROWE presents:
Guest Contribution: “On the time-varying impact of China’s bilateral political relations on its trading partners: “doux commerce” or “trade follows the flag”?”
Today we are pleased to present a guest contribution by Jamel Saadaoui (University of Strasbourg).
Trends in German Trade on the Eve of World War I
One shouldn’t just say increasing (or decreasing) trade between potential adversaries predicts something.