That’s part headline from CNBC.
President Donald Trump has requested the United States Trade Representative to identify $200 billion worth of Chinese goods for additional tariffs at a rate of 10 percent.
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Just Implementing Laws, and Following Orders, June 18, 1944
Historian Michael Beschloss just posted this picture, from 64 74 years ago today.
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Explaining the Soybean Selloff: Ag Conditions, the Dollar, or Tariff Fears?
Guest Contribution: “Protectionism Is Nothing New for Republicans”
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.
Mr. Trump’s Separation Policy and a Little Bit of History
In America, have we ever by policy rather than by law separated family members, including children, from other family members, while awaiting processing? The answer is yes, and we don’t need to go too far back in history.
45 Years of Nominal Soybean Prices
Source:Source: MacroTrends.
Soybean Futures in Free Fall: Front and Back Months
Reader Ed Hanson asks if it makes a difference to look at front month or back month futures in discerning the impact of news on soybean prices. The answer is no.
Below, I present graphs of soybean futures over the past year for contracts expiring in July, August, September, November, and January 2019 (all accessed on 6/15, from ino.com):
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On the Eve of Disruption
(Apologies to P.F.S./B.McG) Soybean, hog prices and corn prices dove even before the Section 301 import tax hit list was announced. (Orange dashed line denotes Trump announcing imminent Section 232 tariffs). Why?
Wisconsin NFP Employment Continues Decline
It’s below peak, and April numbers revised down.Private employment 17,500 below Governor Walker’s target of an additional 250,000 jobs by January 2015. From WI DWD today.
Figure 1: Nonfarm payroll employment in Minnesota (blue), Wisconsin (red), and US (black), all in logs normalized to 2011M01=0. Light green shaded dates indicates data not yet benchmarked using QCEW data. Source: WI DWD, MN DEED, BLS and author’s calculations.
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Guest Contribution: “Red and Blue: One Country or Two?”
Today we are fortunate to have a guest contribution by Helen Popper, professor of economics at Santa Clara University.
Democrats and Republicans differ. Blue and Red states differ. Blue and Red economies differ; but, how different are they? Are they as different as economies from two distinct countries?