Trade Policy
19 Threads
A key expert participating in drafting policies for China's auto industry has called for raising the temporary tariff rate on imported cars with large engines. https://t.co/8w4boBJ...
US export control is no doubt hurting "the Chinese" It is also starting to hurt Americans Here are some inconvenient facts from independent research done by the New York Fed 🧵👇
1/4 "When the tariffs were put in place, the focus was on economics and trade policy. Now it's not about that anymore. It's all about national security." The tariffs on China were...
1/4 Latin American policymakers say Beijing is more eager to strike trade deals that reduce trade restrictions than is Washington. This is almost certainly true, but they are wrong...
1/11 In a recent interview Katherine Tai says: "Our industrial policy is one that has to work with trade policy." I would put it even more strongly. https://t.co/3UTDW8ZVl0
Some gems from Harvard Kennedy School's Economy professor Dani Rodrik's article defending West's protectionist unilateral trade policies⤵️ "Export-oriented industrialisation lost...
1/6 I made this point in an earlier tweet, but Posen is absolutely right to say that a trade policy aimed at delivering self-sufficiency is a flawed economic strategy, including fo...
1/8 I agree with much of what Adam Posen says here about trade in a well-functioning global trading system, including his insistence that Investing in productive capacity tied to j...
1/7 This continues to be shocking to me. A number of trade experts are again saying that import tariffs "don't work" because they raise the cost of goods to domestic consumers. B...
1/5 Claims by the Dutch foreign trade minister that she will will fight "for open trade and to prevent protectionism" strike me as a tad dishonest. Few countries exploit the global...
1/ According to this editorial, "the spirit of 'beggar thy neighbour' runs contrary to the spirit of globalisation and fair competition, of which the US was a key proponent and fre...
1/5 I am always surprised when trade experts argue that countries running the largest persistent deficits are protectionist, while countries running the largest persistent surpluse...
1/6 Very interesting PIIE piece on the impact of Trump's tariffs on Chinese goods. It suggests that US imports from China of tariffed goods dropped substantially, but this was not...
THREAD: Biden's new chip export controls are a huge blow to the CCP's science and technology ambitions. And Xi's Party Congress speech over the weekend explains why.
1/5 @alanbeattie is right to argue "if the EU is serious about reorientating its trade policy and Germany about rebalancing its economy towards domestic demand, ending the export b...
1/3 Countries that run large, persistent surpluses always argue that their trade surpluses are simply the natural consequences of free trade, and never the consequences of explicit...
1/ Krugman has written a NYT piece attacking Trump's trade policy against China, which attempted to (but failed to) reduce persistent, decades-long US trade deficits and Krugman n...
Been thinking about this lately & how our cheerleading of globalisation is incongruous with our wanting to fight climate change via reduction of our carbon footprint. When Trump c...
Biden said he won't remove Trump phase-one tariffs. Biden said he hoped to tackle China’s “abusive practices,” including “stealing intellectual property, dumping products, illegal...