Prices of everyday core goods, which haven’t risen in years, now are creeping upward, even before many of President Trump’s threatened tariffs have fully landed https://t.co/0VlSAjwOy9
It seems that unfortunately the aluminum sector is still struggling even after the tariffs in 2018. I am sure this new round of tariffs will work.
https://t.co/h43uokGCHb
The tariffs are targeting a rule that allows Chinese retailers like Shein and Temu to avoid paying duties on packages worth $800 or less. https://t.co/xZuBErkGzY
JIE is pleased to announce that the 'Dynamic Quantitative Trade' Conference successfully took place in @WIeconomics on November 21-22. We are thankful to organizers George Alessandria and Kim Ruhl. Please look out for the special issue edited by Doireann Fitzgerald!
Retaliatory tariffs & global supply chains mean the standard Econ 101 models are too rosey argues @BrianCAlbrecht. It's even worse. In the standard graph, domestic producers are winners. In reality, most producers lose, too.
You, a genius reasoning from accounting identities: “Tariffs raise GDP by reducing imports.”
Me, a humble reader of economics research: “Tariffs seem to reduce exports.”
https://t.co/xxkhF8TNUz
(1/3) Oren Cass had a piece recently in the Atlantic (https://t.co/0Ij7qLc1ah) that mischaracterizes what we know (and don’t know) about tariffs. Maurice Obstfeld and I respond here (the Atlantic declined to publish).
https://t.co/YBKGCdmLeS
Really great piece- economists predict what would happen because they studied what actually happened. It's a social "science" because our conclusions are based on studying data.
We know what would happen because we studied what happened! Economists- studying the "real world"- have shown that this tariff policy would be devastating to the US economy. The offered justifications in this opinion piece just don't cut it. END
If this is the best case for Trump's tariff agenda, it is not convincing. The piece contains half-truths and distorts both Trump's stated policy and what we have learned about tariffs. A few thoughts from a trade economist 🧵
https://t.co/3O0Dm6mtYb
And plenty of economic research has shown that US buyers are the ones who faced higher prices (and thus boosted government revenue) from Trump's tariffs. https://t.co/xHCraUL75Q 11/N