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#econsky

5 posts5 participants1 post today
Public
toussaint

Embedded video in @stephaniekelton.bsky.social‘s dissection of nonsensical budget proposals & chaotic tariffs is Larry Summers’s explanation of how trade w/ China works & benefits the US

open.substack.com/pub/stephani

Summers rejects the entire concept of China cheating on trade.
i do too, on diff grounds. US will export almost as many cars in total as China will make in total & we accuse them of 'dumping' cars all over. that chart says China will make 3M vs our 18M #EconSky bsky.app/profile/t0ussaint.bsk

China Total Vehicle Sales Summary Stats Forecast Calendar Alerts Download : ; ; : Mar 2025 | ] ] 2.92M Units {5 S e il & X1V : — IEaih. : Y1y B3 May I ) N1 ) Mar [l China Total Vehicle Sales (Units) \EITERS adh L] United States Total Light Vehicle \EIVER i i u Sales (Million) = | o
Public
Colin Rowat

Whenever I hear of a plan to move in a particular direction (e.g. reduce #tradedeficit in goods), I wonder who's already there - what they look like: that offers clues about where a plan might take one.

I use UN Comtrade goods (not services) data, and #IMF #GDP per capita (current USD) for 2023:

comtradeplus.un.org/TradeFlow

imf.org/external/datamapper/NG

#econsky #econtwitter #economics

1/n

comtradeplus.un.orgUN Comtrade
Public *
Colin Rowat

"The Increasing Cost of Buying American", Bombardini, Gonzalez-Lira, Li & Motta (Sept 2024)

> Buy American provisions ... created up to 100,000 jobs at a cost of between $111,500 and $137,700 per job. However, the recently announced tightening of the policy on the use of foreign inputs will create fewer jobs at a higher cost of $154,000 to $237,800 per job

Who'll tell him the trade off
between government efficiency & buying American?

#economics #econsky

nber.org/papers/w32953

NBERThe Increasing Cost of Buying AmericanFounded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, and business professionals.
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