🚨 Working Paper Alert 🚨 *Are existing trade agreements fair and reciprocal?* In this thread, I'll detail some of the key findings in our working paper. We are eager to hear your comments and suggestions. So please feel free to reach out.🧵 mbeshkar.pages.iu.edu/papers/BoC.pdf

Reposting this since today’s coverage in the NYT suggests a he said/she said on who pays the tariffs. Only one side has the numbers to back up their claims. Tariffs are a tax on Americans.

Trump's pushing all-around inflationary agenda. (1) Tariffs = regressive, distortionary tax on consumption (2) less immigration => price pressures, (3) unfunded tax cuts => price pressures , (4) threatening Fed independence, and (5) weak dollar policy.

Team USA that just won the Math Olympics. Anyone still any issue with immigration?

(1/8) 🧵 New paper! My JEP piece on “US International Corporate Taxation after TCJA” will be published soon and is now posted. Within, I discuss what we’ve learned from TCJA, and the future of US international taxation. papers.ssrn.com/sol3/papers.cf…

Excellent read with illuminating charts! Highly recommend.

Trump's tariff proposals would harm working Americans.

This paper had everyone at NBER talking this week. Amazing natural experiment, important results! "The Impact of Denying a Wanted Abortion on Women and Children" by Juliana Londoño-Vélez & Estefanía Saravia conference.nber.org/conf_papers/f2…

Clearly in transition, the Chinese economy is difficult to characterize. What pretty much everyone agrees on is that the timing of the slowdown could hardly be worse for transition to an ambitious new growth model. By Mary Lovely 🇺🇦 & Tianlei Huang: milkenreview.org/articles/china…

Big economics news out of China today, as Xi breaks with previous stance and backs measures to boost consumption on.ft.com/3Ac8BKC

(1/9) 🧵New paper! In “The Green Transformation and Tax Policy Criteria”, I consider climate policy through the lens of tax policy criteria, noting consequences for fiscal balances, distributional goals, administrative complexity, and efficiency. papers.ssrn.com/sol3/papers.cf…

Fully agree with this take, which cites my Peterson Institute work with Mary Lovely 🇺🇦. Trump is serious about tariffs, and his tariff proposals are a very bad idea.

Read the PIIE study by Kimberly Clausing & Mary Lovely 🇺🇦 finding Trump's tariffs would cost consumers $500 billion per year that Fareed Zakaria cites here: piie.com/publications/p…

Countries need ways to resolve grievances. ⁦Christine McDaniel⁩ explains how that is happening in the absence of a functioning WTO dispute settlement process. yeutter-institute.unl.edu/reviving-trade…

“Trade protection is often described as ‘populist,’” writes David Frum. “If populism implies something of benefit to most of the population, then protectionism is the very opposite of populist” theatlantic.com/politics/archi…

The tax just got 900 bucks higher: "Trump's bigger tariff proposals would cost the typical American household over $2,600 a year" piie.com/research/piie-… via Peterson Institute Mary Lovely 🇺🇦 Kimberly Clausing

Former President Trump recently mused that he might impose even higher tariffs than earlier proposed. A 20% across-the-board tariff + 60% tariff on China would cost a typical US household more than $2,600 a year, up from the $1,700 if it was 10%. #PIIECharts

This chart and several more in our new post. 👇🏻

A wake up call on supply chain dependence👇 ➡️ US & China diversified their sources ➡️EU concentrated its (on China) ✍️Mary Lovely 🇺🇦 etal Peterson Institute cc: Adam Posen Alan Beattie Simon J. Evenett Dmitry Grozoubinski Beata Javorcik Marion Jansen Simon Lester Soumaya Keynes Barry Eichengreen Ngozi Okonjo-Iweala

Why do politicians lie about trade, and what can we do about it? piie.com/events/2024/wh… via Peterson Institute