Chad P. Bown
Reginald Jones Senior Fellow, @PIIE | Co-host @Trade__Talks podcast | Former policy: @ObamaWhiteHouse CEA, @WorldBank, @WTO | Tweets/RTs my own
Last synced from Twitter 248d ago
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1
Chad P. Bown
Any talk of governments buying commodities in bulk immediately sets off concerns among trade folk about dumping and the distortion of world markets.
How turning the purchases into food aid could be disastrous.
By @AlanBeattie
3d
Trump’s Love for Tariffs Began in Japan’s ’80s Boom
Thirty years later, few issues have defined Donald J. Trump’s presidency more than his love for tariffs — and on few issues has he been more unswerving.
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Chad P. Bown
“I believe very strongly in tariffs,” Trump told Diane Sawyer in 1988, before criticizing Japan, West Germany, Saudi Arabia and South Korea for their trade practices.
“America is being ripped off,” he said.
By @MarkLandler & @JimTankersley
4d
Trump Mulls 6-Month Window for EU, Japan to Curb Auto Sales
President Donald Trump will give the EU and Japan 180 days to agree to a deal that would “limit or restrict” imports into the U.S. of automobiles and their parts, in return for delaying new auto tariffs, according to a draft executive order seen by...
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Chad P. Bown
RETURN TO 1980s: Trump will give EU and Japan 180 days to agree to a deal to voluntary restrain exports to US of autos and parts, in return for delaying auto tariffs, according to a draft Executive Order seen by Bloomberg.
😳😳😳
By @Jendeben & @SDonnan
4d
China vows a “fight to the end” in trade feud with America
War of words points to escalation risk, but there are some hopeful signs
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Chad P. Bown
Forecasting models scarcely capture the alarm that would spread through markets if the world’s two biggest economies engage in a full-blown trade war.
By @S_Rabinovitch
4d
Trump’s Tariffs, Once Seen as Leverage, May Be Here to Stay
The president’s latest trade measures have left the United States with the highest tariff rate among the most developed countries, outranking Canada, Germany, Russia and even China.
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Chad P. Bown
Trump’s tariffs increasingly look like a permanent tool to shelter American industry from competition by blocking imports.
By @AnaSwanson
5d
Why the US and China See Negotiations Differently | by Shang-Jin Wei
The recent breakdown in trade talks between the United States and China may in part reflect the two countries’ different approaches to negotiation. Hopefully, this contrast in styles will not cause the talks to fail unnecessarily, given the...
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Chad P. Bown
One of the world's top trade economists - and an accomplished professor of teaching MBA students how to negotiate - provides a theory on how differences in negotiating norms may have helped the US and Chinese @Trade__Talks to break down.
By Shang-Jin Wei
5d
85: Trump-China Negotiating Dramatics and Even More Tariffs
Keynes and Bown update the sudden change in US-China trade negotiations and implications of President Trump’s tariff escalation.
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Chad P. Bown
6 of 6/
And if you prefer your charts in audio [PODCAST!] form, have a listen to the latest episode of @Trade__Talks that I co-host with the AMAZING @SoumayaKeynes
5d
Trump's 2019 Protection Could Push China Back to Smoot-Hawley Tariff Levels
Following the failure of their trade negotiations on May 9, the United States and China have escalated the trade war initiated by President Trump.
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Chad P. Bown
1 of 6/
NEW DATA ANALYSIS OF TRUMP TARIFFS
• What Trump's May 10 tariffs on China did
• What Trump's next $300 billion tariffs on China would do
My latest, with @EvaYZhang
5d
Trump's Tariffs Start to Look Like Goal and Not Tool for Talks
President Donald Trump has repeatedly portrayed the punitive tariffs he has imposed on China and other countries as tools to create leverage and draw them into new trade deals that benefit the U.S.
Kudlow Breaks With Trump, Saying ‘Both Sides Will Pay’ in Trade War With China
Larry Kudlow’s acknowledgment was merely a recognition of Economics 101. But it flew in the face of one of President Trump’s favorite arguments: that trade wars are easy to win.
1
Chad P. Bown
Trump is dragging a dangerous misconception into a critical moment in his standoff with the Chinese.
And American businesses and consumers stand to pay the price.
By @MarkLandler
7d
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Chad P. Bown
Last week's events could be a turning point, or just more of the same. But the facts are what they are. For all of Trump’s rhetoric about deals, to date his only real policy has been to shut down trade.
His end game may just be tariffs.
By @JamesPoliti
7d
China Names Its Trade-Deal Price as Trump Sets New Deadline
China for the first time made clear what it wants to see from the U.S. in talks to end their trade war, laying bare the deep differences that still exist between the two sides.
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Chad P. Bown
In his interview, China’s Liu He said both sides agreed to keep talking despite what he called “some temporary resistance and distractions,’’ and to hold future meetings in Beijing.
He dismissed the idea that talks had broken down.
By @SDonnan et al
8d
U.S. Hikes Tariffs on $200B of Chinese Goods. China Says It Will Retaliate
The U.S. hiked tariffs on more than $200 billion in goods from China on Friday in the most dramatic step yet of Donald Trump’s push to extract trade concessions, deepening a conflict that has roiled financial markets and cast a shadow over the...
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Chad P. Bown
US and Chinese officials wrapped up @Trade__Talks Friday, lacking a deal yet avoiding a breakdown in negotiations even after Trump upped tariffs on $200 billion in goods from China and threatened to impose more.
By @SDonnan @SalehaMohsin & @xieyebloomberg
9d
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Chad P. Bown
Evidence accumulating that tariffs - now on more than 50% of US-China trade - are
...CURBING global commerce
...DRIVING UP prices for US consumers
...HOLDING BACK business investment as companies seek to restructure supply chains
By @DelphineStrauss
10d
U.S. set to drop Mexican tomato suspension agreement
The Department of Commerce will follow through on its plan to withdraw from an agreement with Mexican tomato growers, triggering a 17.56% duty on tomatoes from Mexico, according to a Mexican official.
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Chad P. Bown
Meanwhile, eating lycopene as a strategy to stay healthy to weather Trump’s Trade War also just got more expensive
12d
Trump's Tariff Threat on Rest of Chinese Goods Would Hit Final Consumer Products
In a sudden reversal during the US-China trade negotiations, President Trump tweeted that the United States will increase the 10 percent tariff on $200 billion of imports from China to 25 percent on May 10, 2019. He also indicated he would “shortly”...
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Chad P. Bown
US imports from China (by sector/product) targeted by new 25% tariffs if Trump follows through on his "325 Billions Dollars" Sunday threat to hit the remainder of Chinese products
• 100% of toys
• 93% of footwear
• 91% of clothing
• more...
Source: piie.com/research/piie-… pic.twitter.com/qZ2Tj0weiD
12d
Trump's Trade War
The inside story of President Trump’s gamble to confront China over trade.
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Chad P. Bown
Trump's Trade War
premiering Tuesday, May 7, 2019, at 10/9c
(and also streaming)
on @FrontlinePBS
"It's like Game of Thrones. But for Trade Geeks."
(And worse. Because it's real.)
12d
U.S. Says It Will Raise Tariffs After China Reneges On Promises
President Donald Trump’s top trade negotiator said the U.S. plans to raise tariffs on Chinese goods on Friday, accusing Beijing of backpedaling on commitments it made during negotiations.
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Chad P. Bown
"Over the weekend, it became clear that China was pulling back on language in the text on a number of issues, which had the potential to dramatically change the deal, Treasury Secretary Steven Mnuchin said at the briefing in Washington."
by @SDonnan
13d
How Tariffs Work, and Why China Won’t See a Bill
We don’t send a bill to China, and other basics of what happens when the United States decides to tax an imported good.
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Chad P. Bown
Trump frequently promotes the idea that when the United States places a tariff on an import from another country, that other country directly pays the bill.
He’s wrong, but he keeps saying it.
(Or Tweeting it. Like he did AGAIN today)
By @JimTankersley
14d
Trump Threatens to Expand Tariffs to All Chinese Goods Ahead of Final Talks
The president’s threat seemed to be aimed at forcing Beijing to agree to a final trade deal this week in Washington.
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Chad P. Bown
On Sunday, Trump threatened to increase his 10% tariffs to 25% on $200 billion in Chinese goods on Friday.
He also threatened to impose NEW TARIFFS on hundreds of billions of dollars of additional imports from China “shortly.”
By @AnaSwanson
14d