by jpitney | Apr 24, 2025 | Economic Policy, Taxes, Trade
Understanding the Effects of Tariffs By Kyle Pomerleau | Erica York Abstract We provide an overview of the major implications of tariffs on the economy, federal revenue, and households. Tariffs do not directly affect the trade deficit, which is driven by net lending...
by jpitney | Apr 23, 2025 | California Politics, Economic Policy, Trade
AT LAT, Malia Mendez reports: [A trade war} “could devastate Southern California’s nearly $300-billion trade and logistics industry in the coming years, according to a Los Angeles County Economic Development Corp. report released Tuesday. The report,...
by jpitney | Apr 9, 2025 | Economic Policy
Starting to think that in order to unravel this mess, we might need some sort of general agreement on trade and tariffs, perhaps housed under some sort of world trade organization. If we want to work closely with our neighbors, might I suggest some sort of north...
by jpitney | Apr 6, 2025 | Economic Policy, Trade
Kevin Corinth and Stan Veuger at AEI: The tariff the United States is placing on other countries is equal to the US trade deficit divided by US imports from a given country, divided by two, or 10 percent, whichever rate is higher. So even if the United States has no...
by jpitney | Mar 25, 2025 | Economic Policy, Trade
Jason Douglas and Tom Fairless at WSJ: Barriers to open trade are rising across the world at a pace unseen in decades, a cascade of protectionism that harks back to the isolationist fervor that swept the globe in the 1930s and worsened the Great Depression. It isn’t...
by jpitney | Mar 14, 2025 | Economic Policy, Taxes, Trade
‘Milton Friedman, April 27, 1978: The interesting question, and the question I want to explore with you today, is why is it that interference with international trade has been so widespread, despite the almost uniform condemnation of such measures by economists?...
