Chad P. Bown | Thinklab

Tariffs on China Don’t Cover the Costs of Trump’s Trade War

Ana Swanson - Nytimes.com 40h 3 tweets

The president’s payments to farmers hurt by Chinese retaliation have so far exceeded the revenue from tariffs on imports on Chinese goods.

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Chad P. Bown Trump’s tariffs on Chinese imports have raised $20.8 billion, according to CBP data. Trump has already committed to paying out $28 billion to the American farmers hurt by the trade war. By @AnaSwanson & @JimTankersley 30h

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Financial Times 36h 1 tweets

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Chad P. Bown Latent US-India tension has recently bubbled to the surface with Trump’s overtly nationalistic trade policy. By @B_Parkyn 36h

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WTO to formally discuss Japan's export curbs on S. Korea

herald - Koreaherald.com 45h 1 tweets

Japan's export restrictions on advanced tech materials that could undermine South Korea's production of semiconductors will be formally discussed at the World Trade Organization, South Korea's commerce ministry said Sunday.The issue has been named a...

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Chad P. Bown The issue has been named a formal agenda item of the WTO General Council for July 23-24. Japan's export restrictions are widely expected to disrupt global supplies of semiconductors and display panels, both key export items of South Korea. 45h

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Trump says his friendship with Xi not as good

POLITICO 45h 1 tweets

The two leaders agreed to resume trade talks, which broke off in early May.

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Chad P. Bown Trump on Xi: "I used to say he was a good friend of mine. We're probably not quite as close now." By @TradeReporter 45h

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Trump's Mini-Trade War with India

PIIE 9d 6 tweets

India has long been a challenging trading partner for the United States. And in the World Trade Organization (WTO), it has wavered between a begrudging participant and a full-scale obstructionist.

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Chad P. Bown I am skeptical that Trump’s latest tariff escalation is intended to fix longstanding problems in the US trade relationship with India. The worry? This is just another excuse for him to impose even more duties on yet another country. My latest 9d

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The EU-Mercosur Trade Accord Sends a Signal to the World’s Protectionists

PIIE 15d 9 tweets

After nearly 20 years of negotiations, the European Union (EU) and the four founding members of the customs union Mercosur (Argentina, Brazil, Paraguay, and Uruguay)[1] have reached an agreement to lower trade barriers, sending a signal to the...

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Chad P. Bown What’s in that EU-Mercosur mega-trade deal? They negotiated for 20 years 😳 It better be good 🤓 @_AnabelG takes a first look 👇🏾👇🏾👇🏾 15d

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America and China resume talks in a bid to end their trade war

The Economist 18d 2 tweets

Donald Trump holds off on further tariffs and gives Huawei a reprieve

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Chad P. Bown Details still scant. Trump and Xi agreed to resume negotiations, and Trump desisted from new tariffs. Fine. BUT periods of calm after previous meetings only lasted so long, ultimately followed by escalation. So we'll see. By @S_Rabinovitch 18d

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President Trump Holds a Press Conference

YouTube 18d 1 tweets

Osaka, Japan

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Chad P. Bown On his sacrifice of US farmers, it is hard for Trump not to be more explicit than this: "Japan, we're negotiating with them. They send us millions of cars, we send them wheat - WHICH DOESN'T WORK." (at 10:30) His POLICIES that sacrifice US farmers... 18d

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Trump, Xi to Meet at Trade-War Crossroads Fraught With Risks

Bloomberg.com 19d 8 tweets

President Donald Trump and China’s Xi Jinping are set to meet Saturday amid hopes they’ll hit the pause button in their trade war and resume the search for a longer-term peace.

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Chad P. Bown Trump called the meeting with Xi “excellent” and said it went better than expected. He mentioned that the US would put out a statement at about 3:30am local time (2:30am ET). By @SDonnan et al, in Osaka #G20 19d

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India presents America with a choice between geopolitics and trade

The Economist 20d 1 tweets

So far, geopolitics is winning—just

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Chad P. Bown Because when it comes to Trump starting trade fights with 1.3-billion-person countries... ...one of those countries just wasn't enough 😳🙄😬 By @SoumayaKeynes (with Tom Easton) 20d

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EU Commissioner on the U.S.-China Trade War: 'Our List of Countermeasures Is Ready' - SPIEGEL ONLINE - International

SPIEGEL ONLINE 20d 1 tweets

In an interview, European Trade Commissioner Cecilia Malmström discusses what the tariff dispute between the United States and China means for European companies and consumers and why President Trump's strategy could end with the "law of the jungle."

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Chad P. Bown "EU is a community based on the rule of law, and we abide by international rules. Trump, on the other hand, is using the threat of massive tariffs to assert political goals. China is an economic rival for us, but not a political enemy." ~ @MalmstromEU 20d

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Bloomberg - Are you a robot?

Bloomberg.com 21d 4 tweets

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Chad P. Bown If Trump and Xi announce new talks (as expected), optimism ought to be balanced with a healthy dose of reality. Talks collapsed six weeks ago over fundamentally different worldviews that have only hardened since By @SDonnan @Jendeben & @PeterMartin_PCM 20d

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Transatlantic Policy Impacts of the US-EU Trade Conflict

PIIE 21d 3 tweets

Several actions taken by the Trump administration over the last two years have severely strained trade relations between Europe and the United States, weakening the transatlantic backbone of the global, rules-based trading system.

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Chad P. Bown United States House of Representatives Committee on Foreign Affairs June 26, 2019 Why a US trade war with the EU — arising from President Trump’s potential auto tariffs — would be bad economic policy and even worse foreign policy. My testimony 👇🏾 21d

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U.S. Tech Companies Sidestep a Trump Ban, to Keep Selling to Huawei

Paul Mozur - Nytimes.com 22d 6 tweets

Chip makers’ deals underscore how difficult it is to clamp down on companies that the administration considers a national security threat.

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Chad P. Bown If Trump continues to do technology export restrictions UNILATERALLY, without getting buy-in from economic allies like Japan, Europe and South Korea... “Some of the big winners might be other countries” @ChorzempaMartin with @PaulMozur & @CeciliaKang 22d

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Bloomberg - Are you a robot?

Bloomberg.com 22d 5 tweets

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Chad P. Bown China is a really big country. It exports a lot, it imports a lot. It is massively integrated into global supply chains. When China's trade falls, trade falls for A LOT of countries. By @SDonnan 22d

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How Democrats Can Get Tough on China—Without Imitating Trump

Foreign Policy 22d 2 tweets

The current White House has legitimate concerns but counterproductive solutions.

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Chad P. Bown For Americans, the costs of Trump’s approach are already high and, if Chinese pessimism about the prospects for a deal is right, likely to rise further. By Philip H Gordon @CFR_org 22d

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U.S. Set to Delay More China Tariffs With Trump, Xi Set to Meet

Bloomberg.com 22d 6 tweets

The U.S. is willing to suspend the next round of tariffs on an additional $300 billion of Chinese imports while Beijing and Washington prepare to resume trade negotiations, people familiar with the plans said.

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Chad P. Bown Trump willing to suspend the next round of tariffs on an additional $300 billion of Chinese imports... ...while Beijing and Washington prepare to resume trade negotiations, people familiar with the plans said. By @Jendeben @SDonnan & ⁦@Hazeology⁩ 22d

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Financial Times 23d 1 tweets

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Chad P. Bown Trump’s trade war has escalated from the conventional weapons of tariffs to 21st century cyber conflict By @AlanBeattie 23d

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China Is Raising Tariffs on the United States and Lowering Them for Everybody Else

PIIE 23d 5 tweets

Since the start of President Trump's trade war, China has retaliated against US tariffs by raising tariffs on US goods. Less well known is that China has also been lowering rates for everyone else, putting US companies at an even greater...

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Chad P. Bown Trump's Trade War China's average tariff toward imports from US ⬆️: • January 2018: 8.0% • June 2019: 20.7% China's average tariff toward imports from everybody else ⬇️: • January 2018: 8.0% • June 2019: 6.7% 23d

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86: When Is Tariff Revenue Bad Tax Revenue?

Trade Talks - Trade Talks 61d 5 tweets

Lucie Gadenne joins to discuss why some countries use import tariffs as an important source of overall tax revenue collections.

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Chad P. Bown ...There are much more efficient ways to raise it. So, WHO does use Tariffs as an important source of their tax revenue? Really POOR COUNTRIES, it turns out. Why? Have a listen to @Trade__Talks episode 86: When Is Tariff Revenue Bad Tax Revenue? 24d