This US survey examines (a) Doubling existing tariffs on imports from China of critical production components in solar energy manufacturing will provide a substantial boost to employment in the domestic 'cleantech' sector over the next five years; (b) Disruptions to global supply chains from new tariffs and trade wars will lead to measurably slower global growth over the next five years
Keyword: tariffs
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This US survey examines: (a) Giving the President more direct influence over monetary policy would lead to substantially worse monetary policy decisions; (b) Imposing tariffs results in a substantial portion of the tariffs being borne by consumers of the country that enacts the tariffs, through price increases; (c) There is little empirical evidence that price gouging is causing high grocery prices; (d) Widespread use of price controls creates substantial economic distortions
This European survey examines (a) The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years; (b) The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers; (c) Unless the EU matches the proposed US tariffs on Chinese EVs, there would be measurably lower employment in Europe's automotive industry over the next five years
This US survey examines (a) The proposed US tariffs on Chinese EVs would lead to measurably higher employment in the US automotive industry over the next five years; (b) The proposed US tariffs on Chinese EVs would lead to measurably higher prices of EVs in the US; (c) The proposed US tariffs on Chinese EVs would measurably slow the adoption of green technology by consumers
This US survey examines (a) Tripling existing import taxes on Chinese steel and aluminum products would lead to measurably higher employment in the US steel industry over the next five years; (b) Tripling the tariffs would lead to measurably higher steel and aluminum prices for American producers and measurably higher finished-good prices for American consumers; (c) The gains for the American economy from tripling the tariffs would measurably outweigh the losses.
As Russia’s invasion of Ukraine continues and many call for a strengthening of sanctions, an alternative to a full energy embargo has been discussed in the form of European Union tariffs on imports of Russian gas. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:
As Russia’s invasion of Ukraine continues and many call for a strengthening of sanctions, an alternative to a full energy embargo has been discussed in the form of European Union tariffs on imports of Russian gas. We invited our European and US experts to express their views on this proposal, asking both panels whether they agree or disagree with the following statement, and, if so, how strongly and with what degree of confidence:
In May, the US Treasury published a report to Congress on the macroeconomic and foreign exchange policies of major trading partners of the United States. As Stanford economist and former Chicago Booth professor John Cochrane noted on his blog, this made clear reference to the possibility of currency manipulation:
Over the course of 2018, the Trump administration imposed tariffs on approximately $283 billion of US imports, with rates ranging between 10% and 50%. In response, US trading partners, especially China, retaliated with tariffs averaging 16% on approximately $121 billion of US exports.
This week’s IGM Economic Experts Panel statement:
Because global supply chains are more important now, import tariffs are likely substantially more costly than they would have been 25 years ago.
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