Tariffs and Inflation: The Dog that Didn’t Bark
Press reports say that Treasury Secretary Janet Yellen is arguing for repealing a broad set of U.S. tariffs, allegedly as a way to fight inflation.
Tariffs Could Have Helped Us Avoid the Current Inflation Spike
By Amanda Mayoral Summary Global supply-chain crises, over-dependence on foreign production and government stimulus best explain the current inflation problem. Policy makers should
Deglobalization: An Idea Whose Time Has Come
P&O Ferries is the largest operator of ferryboats between the British Isles and the European Continent, a $1.1 billion company carrying 10 million passengers a
Sanctions Impact Due More to U.S. Economic Strength Than Dollar’s Reserve Currency Role
Summary Sanctions on Russia are devastating to the Russian economy Power of the sanctions is due to concerted international action, not to the US role
War in Ukraine Highlights Critical US Dependencies on Russia-China Axis
War in Ukraine Highlights Critical US Dependencies on Russia-China Axis By Jeff Ferry and Amanda Mayoral Summary Points The Russian invasion of Ukraine reveals
Five Reasons Why Trade Policy Is Not Impacting Inflation
With consumer price inflation (CPI) running at 6.8% as of November 2021, many importers are trying to use inflation as an excuse for repealing the
U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts
U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts By Amanda Mayoral, CPA Economist Summary Points: The US held high tariff rates from
Not All Tariffs Are the Same: A Case to Consider Optimal Tariff Policy
Not All Tariffs Are the Same: A Case to Consider Optimal Tariff Policy By Amanda Mayoral, CPA Economist Summary Points: Despite popular misconception,
Tariff Incidence in the Real World: Why Consumers (Mostly) Didn’t Pay the Steel Tariffs
Summary points: The import price of steel fell in the period following the 2018 imposition of a 25% steel tariff, an indicator that steel tariffs
Worker-Centered Trade Means Reshoring U.S. Industries
In June, U.S. Trade Representative Katherine Tai gave a speech in which she outlined her vision of worker-centered trade, a popular phrase among Biden administration