Categories
economics Uncategorized

Trump’s Trade Deficit

Notice the deterioration in the moving average of the trade balance starting around November. via Trump’s Trade Deficit Doesn’t look good.

Categories
economics Uncategorized

Krugman on Gravity and Trade

that the volume of trade between Kanesh and various trading partners seems to fit a gravity equation: trade between any two regional economies is roughly proportional to the product of their GDPs and inversely related to distance. Neat. But what does the seemingly universal applicability of the gravity equation tell us? It’s the law! (via […]

Categories
economics Uncategorized

If you want to grow slightly alarmed about the American future, contemplate not just the scale of our trade deficit with China but the fact that our largest export to them by a wide margin is soybeans. America’s Customers Are Mostly Nearby

Categories
economics Uncategorized

Solar Trade War Looms As U.S. Considers Tariffs On China

Solar Trade War Looms As U.S. Considers Tariffs On China the U.S. Commerce Department announced it had found “reasonable basis to believe or suspect” that Chinese subsidies of solar panels imported to the U.S. were in violation of international trade agreements. Do we really need to call trade war when the US has an export […]

Categories
economics Uncategorized

President Obama’s muddled plan to boost employment by hindering trade

President Obama’s muddled plan to boost employment by hindering trade When Obama brags that “over 1,000 Americans are working today because we stopped a surge in Chinese tires,” he’s implementing a small-scale version of a similar idea. Blocking an influx of cheap Chinese tires does, indeed, preserve jobs for tire-makers. But tire-buyers pay higher prices […]

Categories
Uncategorized

Maybe Fair Trade Cotton Isn’t Growth By Child Slaves After All

Maybe Fair Trade Cotton Isn’t Growth By Child Slaves After All If you think about an agricultural economy centered around a cash crop for export—it could be cotton, coffee, or whatever else you like—then realistically locally focused food production is also going to be part of the picture. The cotton farmers need food after all. […]

Categories
economics Uncategorized

US Trade Deficit is Half Oil

A government official emphasized to me today what should be clear to anyone who follows Calculated Risk’s charts, namely that a huge element of our trade deficit has nothing to do with China or manufacturing but is instead driven by oil: Now it’s not unusual that the US is a net oil importer. Most countries […]