Council on Foreign Relations International Affairs Fellowship in International Economics

The International Affairs Fellowship (IAF) in International Economics, sponsored by Kimberly Querrey, offers business economists as well as university-based economics scholars hands-on experience in the U.S. government to expand their range of thinking and work on international economic policy. Possible host placements for the fellowship appointment include but are not limited to the U.S. Department of the Treasury, U.S. Department of Commerce, the Federal Reserve Bank, and relevant parts of the U.S. Department of State and the White House [so the Fed, the IMF, the World Bank, the Treasury or any other policy institution are also possibilities]. The IAF in International Economics aims to enrich the teaching, scholarship, and research of academics, inform the practice of business economists, and expose policymakers to cutting edge scholarly research and academic debates.

For more information, see here.

New Tariffs on Chinese Imports

USTR announcement:

As part of the United States’ continuing response to China’s theft of American intellectual property and forced transfer of American technology, the Office of the United States Trade Representative (USTR) today released a list of approximately $200 billion worth of Chinese imports that will be subject to additional tariffs. In accordance with the direction of President Trump, the additional tariffs will be effective starting September 24, 2018, and initially will be in the amount of 10 percent. Starting January 1, 2019, the level of the additional tariffs will increase to 25 percent.

The list contains 5,745 full or partial lines of the original 6,031 tariff lines that were on a proposed list of Chinese imports announced on July 10, 2018. …

Implied US tariff overall tariff rates, from GS:

Source: Hatzius et al., “The Trade War: An Update,” Goldman Sachs June 25 2018.

Haven’t seen the Chinese back down so far, as some sanctions enthusiasts have predicted. If the demand is for China to give up on Made in China 2025, I’m guessing the Chinese are not going to back down in effect.