Trade War

I’m interviewed on Wisconsin Public Radio today, in the wake of declining Wisconsin exports. Figure 1: Wisconsin goods exports to world (blue, left scale), to China (red, right scale), in bn 2012$. Nominal values deflated using national goods exports deflator. Section 232 and 301 actions shaded gray. Source: ITA TradeStats,…

President Donald Trump's trade war is projected to reduce the average family's real income by $1,277, according to a new report from the Congressional Budget Office (CBO). The CBO, a nonpartisan congressional research arm, projected that the tariffs imposed by the Trump administration and retaliatory tariffs imposed by countries like China…

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How Government Contracts Became Next Trade War Front

A celebration to commemorate the 90th anniversary of the founding of the Communist Party of Vietnam. VNA News Agency/Latin America News Agency President Donald Trump’s trade war with China was a bruising exercise that tanked business investment, weighed down manufacturing, and resulted in a stop-gap deal that will probably help out…

GettyGoldman Sachs' coronavirus base case expects the outbreak's rate of infection to peak in the first quarter. The virus' effect on China's economy will only drive a "modest hit" to annual global growth of 0.1 to 0.2 percentage points, the bank said. The estimated hit to GDP would still allow…

PHOTO: Medical workers work in the ICU of Zhongnan Hospital of Wuhan University in Wuhan, central China’s Hubei Province, Jan. 24, 2020. (Xinhua/Xiong Qi) Chinese WHO delegate warns of “deliberately creating panic” over Novel coronavirus 2019-nCoV The U.S. is needlessly whipping up panic over the Novel coronavirus 2019-nCoV, China's government…

Here is another monthly update on framing lumber prices.   Lumber prices declined sharply from the record highs in early 2018, and have increased a little lately. This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through Jan 24, 2020 (via NAHB), and 2) CME…

BEIJING (Reuters) - China’s factory activity expanded at its slowest pace in five months in January, even as an outbreak of a new virus added to risks facing the world’s second-largest economy, a private survey showed on Monday. Employees work at the production line of aluminium rolls at a factory…

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