Trade

What’s in a trade deficit?

Nothing by itself. Context is everything

Apr 8 •

Emergency substack 2: The Ontario electricity export tax won’t hurt Americans

Market structures mean that the burden would fall on Ontario

Mar 12 •

Emergency substack: The Mexico-Canada tariffs are still on!

We have never been free-trading

Mar 8 •

How big is China’s manufacturing sector?

Almost certainly equal to the industrial nations formerly known as “advanced”

Mar 4 •

In Trade, the U.S. president really is a dictator

But how it happens matters a lot

Mar 2 •

America will be okay if Trump goes ahead with his tariffs on Mexico

It’s still a terrible idea!

Nov 27, 2024 •

How’s Milei doing?

Answer: better than hoped, if you don’t look at the recession

Oct 27, 2024 •

and

Nearshoring in Mexico has been a failure but it’s not all AMLO’s fault

A missed opportunity that may go on missing

Sep 19, 2024 •

#nojs-banner { position: fixed; bottom: 0; left: 0; padding: 16px 16px 16px 32px; width: 100%; box-sizing: border-box; background: red; color: white; font-family: -apple-system, "Segoe UI", Roboto, Helvetica, Arial, sans-serif, "Apple Color Emoji", "Segoe UI Emoji", "Segoe UI Symbol"; font-size: 13px; line-height: 13px; } #nojs-banner a { color: inherit; text-decoration: underline; } This site requires JavaScript to run correctly. Please turn on JavaScript or unblock scripts