@BaldingsWorld Actually: no. The outcome of a successful WTO dispute requires the loser to bring their laws/policie..twitter.com/i/web/status/1…il
Hooray! As it was in 1958, for pencils anyway (fee.org/resources/i-pe…). twitter.com/iowahawkblog/s…
Do trade-wars lead to real wars? “The natural effect of trade is to bring about peace” (Montesquieu, De l’esprit de..twitter.com/i/web/status/1…Tr
“Goods and services from China accounted for only 2.7% of U.S. personal consumption expenditures in 2010, of which..twitter.com/i/web/status/1…rZ
Norway’s sovereign wealth fund has a conventional “balanced” asset allocation in equities, fixed-income & property..twitter.com/i/web/status/1…g8
Pressed on threats to ‘globalization’, the CEO of Norway’s sovereign wealth fund speculates there might be 2 mega-r..twitter.com/i/web/status/1…p2
@insteconomics “…and pay more tax.”
On the US Senate Judiciary Committee hearings almost 30 years ago (via @MargRev):: nytimes.com/1991/10/20/opi…
Of course we can expect pieties from the these Ministers about “WTO reform” (Hah!). They also want us to take serio..twitter.com/i/web/status/1…cg
CatoTrade While the administration shows no signs of backing down, there are two possible events that could lead to some reco..twitter.com/i/web/status/1…zK
WTO Member govts reached just one (mushy) agreement in 25 years of negotiations, reducing the Organization to a boo..twitter.com/i/web/status/1…25
… ‘grand mutual gains’? Dunno… but why not?
The CHN “White Paper” on the trade conflict with USA puts up a plausible defence on IP, lands a few punches, and ma..twitter.com/i/web/status/1…XK
Perhaps one reason governments abuse foreign trade: no skin in the game. US ITC estimates imply government imports..twitter.com/i/web/status/1…QB
snlester The new KORUS is just the old KORUS with minor tweaks: cato.org/blog/prelimina… twitter.com/jendeben/statu…
greg_ip Solar power externalities: 2/3 of rise in residential electric bills for 3 California utilities due to increase in..twitter.com/i/web/status/1…wH
James B Reston (NY TImes 27 Jan, 1946) reporting the first meeting of the UN in London: “To the League of Nations c..twitter.com/i/web/status/1…zK
@chip_roh Democracy means, of course, getting what we vote for and getting it “good and hard” as Mencken said ;-)
Pres Trump thinks trade is about bargaining for dollars; that’s his policy. He hardly knows how foreign trade & cap..twitter.com/i/web/status/1…sx
USTR Lighthizer has foreign-policy, not trade, goals: to force vaguely specified changes in CHN economic policies &..twitter.com/i/web/status/1…MP
The 15 years CHN needed to negotiate WTO accession and 15 years it took to implement the Protocol saw dramatic chan..twitter.com/i/web/status/1…80
How can USTR Lighthizer believe a “trade war” will change CHN, or USA for that matter? In the 1980s he watched from..twitter.com/i/web/status/1…Bj
Trade measures have power to cause harm at home, but trade agreements are puny levers on the world. Cordell Hull’s..twitter.com/i/web/status/1…aJ
The progressive internationalism (“prosperity is indivisible”) of the UN, Bretton Woods & GATT agreements did not e..twitter.com/i/web/status/1…fv
JFK’s moon-shot “Grand Design” (1962) for trans-Atlantic economic “interdependence” (his term) & for integrating em..twitter.com/i/web/status/1…uk
The World Bank estimated (2005 Global Economic Prospects) ~ 65% of developing ctry. liberalization in previous 20 y..twitter.com/i/web/status/1…cc
The Trump-Lighthizer attack on CHN is based on (mostly?) wrong facts; it prejudicially misreads an historic opportu..twitter.com/i/web/status/1…YD
The combative rhetoric of US cabinet officials on CHN and of the President on trade in general is disturbing but no..twitter.com/i/web/status/1…qv
Excellent portrait. I wd. say Mr Lighthizer’s policies are more reminiscent of Malcolm Baldridge (lead photo) than..twitter.com/i/web/status/1…oQ
The Trump tariff regime becomes a form of import licensing. Historical experience is that “lIcenses” — e.g. to imp.twitter.com/i/web/status/1…YrL
DanielJHannan Here it is, the perfect British-American trade treaty. I hope it will become the basis of a broader trade nexus amo..twitter.com/i/web/status/1…Lx
insteconomics Funny how some commentators view the economy as just an extension of Canberra and the political system, as though..twitter.com/i/web/status/1…jQ
spikedonline After years of scaremongering about the Irish border, the EU now admits there is a technical fix. It is scandalous..twitter.com/i/web/status/1…OE
davidcollinslaw The Ideal U.S.-U.K. Free Trade Agreement: A Free Trader’s Perspective cato.org/publications/w… via @CatoInstitute
Seems it has taken a while for @tylercowen to start worrying that the Trump war-on-trade might matter to the USA ec..twitter.com/i/web/status/1…S9
JPTrachtman In case anyone still cares, the US tariffs on China, and China’s retaliation, are both clear violations of WTO law…twitter.com/i/web/status/1…wu
Jim Manzi (2010) on the causal density of social science; how it undermines both regression-based & random-experime..twitter.com/i/web/status/1…MH
“A Twist in the Tale”::wsj.com/articles/a-twi…
Still, the most important issue for the US & CHN economies in any Mnuchin-Liu talks is the counterpart of the trade..twitter.com/i/web/status/1…O3
Were there to be negotiations, I assume CHN would offer VERs. Contrary to Art XIX, of course, but probably their be..twitter.com/i/web/status/1…8v
CatoTrade The U.S. Trade Beef with China. buff.ly/2Mr5sx2 pic.twitter.com/QgAjqIg0gG
@FastMail Endorse your criticisms of this objectionable, unnecessary bill.
Tariffs are destructive probes into a vast, obscure, but highly-articulated engine (oll.libertyfund.org/titles/read-i-…). They..twitter.com/i/web/status/1…22
Hmm…An instance o@ATabarrokok pedagogy? Surprising! Still, could be the best way to explain Macrotwitter.com/ATabarrok/stat…h8
insteconomics “I never had that conversation with him.” pic.twitter.com/OYk1r43gFX
It’s misleading to call the Trump tariffs a “conflict between the world’s two biggest economies” (..twitter.com/i/web/status/1…pV
It’s an astonishing piece of treacherous self-serving. ‘Political’ staffers are the same the world over, I guess. A..twitter.com/i/web/status/1…G5
@D_A_Irwin Oops… Baldridge/Regan…
@D_A_Irwin Indeed. RIP Mike Finger: canny, contrarian, a critic of the Baldwin/Regan 1980s ‘trade war’, disciple of..twitter.com/i/web/status/1…2Y
Notionally to secure the assets of big tech companies who went into CHN with their eyes wide-open, Mr Trump blindsi..twitter.com/i/web/status/1…BV
The smaller cities of Emilia Romagna (Modena, Parma, Ferrara, Ravenna) have survived two thousand years of turmoil..twitter.com/i/web/status/1…iU
The never-ending cocktail party of the Immortals: “Life devoid of categorical desires, Williams claimed, would devo..twitter.com/i/web/status/1…zp
USSC .@insteconomics argues the ‘no’ case in the latest in our Debate Papers Series on whether the global trading system..twitter.com/i/web/status/1…gX
The rate of human genetic mutation: “[D]ozens of humans harbor a mutation in [each of ~3bn base pairs of the genome..twitter.com/i/web/status/1…pL
insteconomics ‘Five Eyes’ Nations Quietly Demand Government Access to Encrypted Data nytimes.com/2018/09/04/us/…
alanbeattie 2/ He’s used trade policy to try to force domestic reform (ag and services) in a textbook way; he’s tried to round..twitter.com/i/web/status/1…YO
USSC Will the global trading system survive Trump’s tariffs? ITS Global’s Alan Oxley and @insteconomics go head-to-head..twitter.com/i/web/status/1…yb
Apparent consumption (incl. waste) of alcohol in AU down to levels not seen since 1962. A new sobriety? Decline in..twitter.com/i/web/status/1…Cc
How to make a quick “back of envelope” estimate (from book.bionumbers.org/how-to-make-ba…). The geometric mean is like an arith..twitter.com/i/web/status/1…wJ
@snlester It’s a risk. But “just say no” is a tough call. Wd. be interesting to know how procedures for adding a pr..twitter.com/i/web/status/1…YU
@SamKSS An “FTA” with the EU will cost us ~ nothing on the trade/investment side (altho maybe some IP concessions)..twitter.com/i/web/status/1…El
“Cell Biology by the Numbers” (Milo, Phillips) with beautiful illustrations (Orme). Well written, accessible, detai..twitter.com/i/web/status/1…Of
@samirvarma Yes, you’re right: too harsh. Cracks in the edifice would be welcome. Still, I’m attracted to the argum..twitter.com/i/web/status/1…cH
We all hope that there’s something just over the horizon that will replace the arbitrary, creaky “standard model”…twitter.com/i/web/status/1…OL
Die-hard CAN dairy protectionists often claim (wsj.com/articles/why-m…) they’d be “wiped out” by trade liberalizati..twitter.com/i/web/status/1…1Q
@snlester No: DFAT say only that it’s being ‘scrubbed’. I can’t believe much of it is original so I would expect t..twitter.com/i/web/status/1…mH
This (USA holiday) weekend, Australians should, but won’t, celebrate a new broad, deep trade agreement with a big n..twitter.com/i/web/status/1…GF
Congress may be willing to allow Mr Trump some rein on CHN (I don’t agree). But will they stand-by while he trample..twitter.com/i/web/status/1…d7
Wow! “… no political necessity… decades of abuse”?! How does the USA’s close friend and neighbour deserve this?..twitter.com/i/web/status/1…So
It has taken a while to work out, but the AU-IDN “Comprehensive Partnership” (i.e. FTA) agreed yesterday seems a ve..twitter.com/i/web/status/1…HP