How will China respond to today’s tariff announcement? Given US actions comprise $18 billion in actual trade, Beijing has an opportunity to take a measured response and instead focus on reining in its overcapacity in steel, cars, aluminum and other goods. npr.org/2024/05/14/125…

The Biden administration is trying to get ahead of the curve and ensure that the US car industry does not suffer the same fate as the US solar industry, which was virtually decimated by unfairly traded Chinese imports. ft.com/content/9b79b3…

Was honored to hear the President announce his tariff actions against China. The targeted approach announced is the correct one. Non-market excess capacity in key sectors produced by China needs to be countered

The long-awaited results of section 301 tariff review may be announced next week. Will be interesting to see which products are subject to higher tariff rates, magnitude of increases, whether any tariff decreases, and exclusion updates. bloomberg.com/news/articles/…

Great partnering with Australia ASPI! The two separate papers we prepared in economic coercion are complimentary!!

Traders Count Down to Fed With No Relief in Sight for Bonds bloomberg.com/news/articles/…

Now that USTR is launching section 301 investigation into shipbuilding, come join ⁦WITA⁩ and ⁦Asia Society Policy Institute (ASPI)⁩ on April 24th at 10am to learn more about the petitioners’ concerns, relationship to our military capability, and next steps. wita.org/events/shipbui…

More tariffs in the works. Guess this means there will be an official conclusion to the Section 301 tariff review which has been underway for almost two years! bloomberg.com/news/articles/…

So Heartening to see so many accomplished and talented women leading international economic policy helping pave the way for the next generation of female leaders. You are inspirations!!

Great piece by my colleague Emma Chanlett-Avery on what we should be looking for in PM Kishida’s address to Congress.

There are important ways to take our economic relationship with Japan to the next level. It was an honor to work with Matthew P. Goodman and Chris Johnstone to develop the ideas for doing so.

Talks on balanced growth could be useful to help solve the current overcapacity problem. But they should not preclude action by the US against surging Chinese imports nor serve as a delaying tactic by Beijing to do what’s needed to head off surges. bloomberg.com/news/articles/…