Environmental Economics
The cromulent economics blog
recent posts
Category: Trade
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From E&E news (Senators eye ‘CHIPS 2.0’ as vehicle for carbon tariff): As senators from both parties seek a pathway for advancing a bill imposing carbon tariffs, a potentially viable vehicle has emerged: a nascent legislative package to boost U.S. competitiveness against China. Senate Democrats announced last week they want to write a follow-up to…
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From the WSJ (World’s First Carbon Import Tax Approved by EU Lawmakers): The European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, clearing the final hurdle before the plan becomes law and enshrines climate regulation in the rules of global trade for the first time. Tuesday’s vote…
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This is appalling! I'm aghast! I need a beer. Around this time last year, the Beer Institute (BI), a national trade association representing the American brewing industry, warned that President Donald Trump’s aluminum and steel tariffs would cost the beer industry $347 million annually and potentially lead to the loss of 20,000 jobs. Well, as it…
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From the WaPo (Trump’s washing-machine tariffs cost U.S. consumers $815,000 for every job created): President Trump has repeatedly sought to portray his tariffs on Chinese goods as a major windfall for the U.S. treasury that has extracted “billions of dollars” from China. But the reality is that tariffs are typically absorbed by consumers in the form of higher prices.…
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It's going to be a fun (i.e., not fun) two years for environmental economists (Kudlow calls for end to subsidies …): White House chief economic adviser Larry Kudlow said on Monday the Trump administration will seek to end subsidies for electric cars and renewable energy sources, according to reports. Kudlow said he expected subsidies for…
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Don't take this as support for tariffs, my inner economist is strongly opposed to tariffs on economic efficiency grounds, but my inner hillbilly is slightly happy that an EU tariff on American whiskey is likely to lower U.S. whiskey prices (at least in the short run). Life can't be all beer… Jack Daniel’s Tennessee Whiskey…
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You should beware U.S. companies making announcements about decisions and using government policy as a cover these days, but this seems to make economic sense: American solar company SunPower will lay off about 3 percent of its workforce in March, a decision that comes after President Trump began imposing new tariffs on imported solar materials…
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That moment you realize the Chinese administration understands economics better than the U.S. administration… From the Steve Bannon interview story: "In reality, China and the United States' long term cooperation has brought about real benefits for both countries' peoples, any unbiased person will clearly see this fact," [Chinese Foreign Ministry spokeswoman Hua Chunying] told a…
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From the Chronicle of Higher Education: Peter Navarro, a professor and author who became known during the presidential campaign as the only academic economist directly advising the Trump campaign, continues to be one of the most public voices on economic matters for President-elect Donald J. Trump as he prepares to take office next month. Last…
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Off-topic but important: The growth of trade among nations is among the most consequential and controversial economic developments of recent decades. Yet despite the noisy debates, which have reached new heights during this presidential campaign, it is a little-noticed fact that trade is no longer rising. The volume of global trade was flat in the…
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