…known as the Stolper-Samuelson theorem, in their very first course in international trade, and rehash it in every other course about trade that they ever take or teach during the…

…that the import GDP ratio was 15.2% in 2004 versus 15.0% for 2000. To suggest that the increase in the trade deficit is mainly due to stronger import demand is…

…both sides (think Buchanon and Nader) are generally against free trade; the center to near-extreme Right is generally for free trade unless (1) it’s with Cuba, or (2) it involves…

…over the same span, the red graph shows our trade deficit for everything else except oil; combined together, those two are of course our total trade deficit, which Bill has…

…really gangster led. I could not believe that intelligent people could so easily toss away collective bargaining. Trade? No one discusses that any more. I have described how trade rules…

…from December to May world trade volume fell -3.4%. Interestingly, in the first five months of the 1971 decline trade fell -3.5%, essentially the same as this drop. The year…

Via Vox: One size does not fit all: On the heterogeneous impact of free trade agreements Can empirical research on past FTAs shed light on this uncertainty? To date, most…

Hassett’s Evidence on Transfer Pricing and the U.S. Trade Deficit In my last post, I questioned Kevin Hassett’s claim that transfer pricing manipulation was responsible for half of our trade…

…assumes that the effects of currently huge US trade deficits are temporary. The US trade deficit has been huge for almost 40 years now, which seems fairly long term to…

Are We in a Trade War? President Trump sent two of his minions out yesterday to lie about this question. Kudlow: We are not in a trade war. What this…