President Donald Trump has staked a claim to success in his trade war with China on his phase one trade agreement of January 2020.
Chad P. BownAs the election approaches, mounting evidence indicates the US-China deal is failing to live up to Trump’s $200 billion purchase pledge. No single reason explains why, but 15 products help tell the story.
Chad P. BownTrump’s new NAFTA has not provoked an investment surge. From 2013-16 automakers announced US investments of $47.3 bn. From 2017-19, it was $38.3 bn.
Investment goes with market growth, and US auto sales peaked in 2016.
FACTS with @KDziczek & @SDonnan
A stumbling effort to prop up the domestic generic drugs sector underscores the challenges of a Trump administration industrial policy.
Chad P. BownTrump's Kodak project highlights risks inherent in the type of industrial policy that the United States has traditionally avoided but that other nations have tried to employ (and that mostly ends in failure).
By @AnaSwanson, @ARappeport & @GlennThrush
What have the president’s threats and deals achieved?
Chad P. BownFour years ago, what Trump would actually do on trade policy was still an unknown. So much happened since, you may have blocked some of it from memory.
Here's why you shouldn't do that.
The U.S. government is embarking on a push to persuade developing countries to shun Chinese telecommunications equipment, offering financial assistance to use alternatives that Washington says are safer and have fewer strings attached.
Chad P. BownUS to subsidize African countries' purchases of telecom gear made by firms from Sweden, Finland and South Korea to incentivize them not to purchase from Huawei and ZTE.
(US does not have a telecom gear manufacturer of its own to subsidize.)
How to navigate when you should and shouldn’t hug someone — and how not to hold on too long.
Chad P. Bown‘Hugs are good for humans — perhaps more valuable than many of us realized, until we found ourselves missing them.’
THIS is the pandemic story I’ve been waiting for.
The science of hugs,** by @ACShilton
**also sometimes hugs are not OK.
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Chad P. BownHere @PIIE we have been thinking HARD about practical ways for policymakers to help rebuild the global economy.
On October 20, we launch our new project titled, coincidentally, Rebuilding the Global Economy.
Watch this space, and subscribe for updates... piie.com/subscribepic.twitter.com/pTqJ2MuTKp
The agency was awarded the prize for providing food assistance to millions around the world, particularly during the coronavirus pandemic.
Chad P. BownUnited Nations World Food Program, established in 1961 after a proposal by US President Eisenhower, helps people affected by some of the world’s most devastating humanitarian disasters.
In 2020, it won the Nobel Peace Prize.
The move means other drugmakers or governments wouldn’t need to fear that Moderna would try to block any other Covid-19 vaccines the company argues are based on any proprietary technology.
Chad P. BownModerna won’t enforce its patents related to its Covid-19 vaccine during the pandemic. Removes fears that Moderna would try to block other drugmakers or governments from other Covid-19 vaccines based on the company's proprietary technology.
Chad P. BownWTO members reportedly settle on two final candidates -- Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee -- to advance to final round of campaign to be the next leader of the organization.
As the trade war continues, China hasn't purchased nearly as many exports from the United States as it previously agreed to. There was one bright spot though: semiconductors — but that may soon change.
Chad P. BownTrump suddenly makes it harder for US companies to export semiconductors & equipment, not only to China. National security concerns, yes. But this particular approach could backfire.
My chat with @CardiffGarcia for @TheIndicator
🎙️ PODCAST 🎙️ [9 min]
President Donald Trump’s much-touted “phase one” trade agreement with China is falling well short of its goal. Under the deal, Trump pledged that China would purchase an additional $200 billion of US exports over 2020 and 2021.
Chad P. BownThe Trump administration has been quietly putting increasingly strict limits on American exports of high tech products. Not only to China, but also to American allies. If done wrong, the consequences are profound.
My long read from this week
Through the first eight months of 2020, semiconductors and the equipment required to produce them constituted nearly 25 percent of China’s total imports of goods covered by the phase one agreement with the United States.
Chad P. BownAt current pace, China is already falling short of buying the US exports Trump pledged under his "historic" Phase One deal. But without the buoyancy of the US semiconductor industry exports, China’s purchases for 2020 will slip farther out of reach.
Chad P. BownChina is falling short of buying the US exports Trump pledged under his "historic" Phase One deal. By taking away US semiconductor exports with his administration's additional export controls, those pledges for 2020 slip even farther out of reach.
Chad P. BownWTO reportedly gives EU right to impose tariffs on $4 bn of US exports over illegal US subsidies to Boeing.
US already retaliating over EU subsidies to Airbus.
Ruling sets scene for US & EU to negotiate an end to this long-running mess.