This week's IGM European Economic Experts Panel Statements:
A) Trade with China makes most Europeans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China.
B) Some Europeans who work in the production of competing goods, such as clothing and furniture, are made worse off by trade with China.
C) If the EU followed the new US steel tariffs by imposing similar EU tariffs on steel from China, it would improve Europeans’ welfare.
Keyword: free trade
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This week's IGM Economic Experts Panel Statement:
Imposing new US tariffs on steel and aluminum will improve Americans’ welfare.
This week's IGM European Economics Experts Panel statements:
A) Freer movement of goods and services across borders within Europe has made the average western European citizen better off since the 1980s.
B) Freer movement of goods and services across borders within Europe has made many low-skilled western European citizens worse off since the 1980s.
This week’s IGM Economic Experts Panel statement:
Restricting US exports of liquefied natural gas would have adverse effects on the US economy.
This week's IGM Economic Experts Panel statements:
A) Trade with China makes most Americans better off because, among other advantages, they can buy goods that are made or assembled more cheaply in China.
B) Some Americans who work in the production of competing goods, such as clothing and furniture, are made worse off by trade with China.
This week’s IGM Economic Experts Panel poll statement:
Changes in U.S. gasoline prices over the past 10 years have predominantly been due to market factors rather than U.S. federal economic or energy policies.
This week’s IGM Economic Experts Panel poll statements:
A) Freer trade improves productive efficiency and offers consumers better choices, and in the long run these gains are much larger than any effects on employment.
B) On average, citizens of the U.S. have been better off with the North American Free Trade Agreement than they would have been if the trade rules for the U.S., Canada and Mexico prior to NAFTA had remained in place.
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