So, Who Pays Trump’s Tariffs On China? Americans, Obviously And Of Course

One of the greatest failures of understanding in trade economics is who is it that actually carries the burden of tariffs. Who is it that actually pays them? Donald Trump is insisting that it's all China paying those tariffs on...

S&P Says It’s China Winning The Trade War, Not US As Trump Says

Of course no one actually wins a trade war - consumers only lose and we are supposed to be running the whole system in the interests of consumers. But even then, within the mercantilist terms of who is winning...

Disney’s Ariel Doll Pays Chinese Worker Only 1 Pence Wages Each

The latest scandal uncovered by The Guardian is that the Ariel doll from Disney - the mermaid - ends up paying the Chinese assembly line workers that make it only 1 pence each. That's 1 p out of the...

No, Really, Trump’s Tariffs On The China Trade Are A Bad Idea

The problem being that sure, some imports go straight to consumers. But rather more of them are inputs into other processes. Raising the price of inputs might be an even worse idea than simply impoverishing consumers: The economic costs of...

Trump And China Tariffs – Makes No Difference As Apple Does Manufacture In USA...

Donald Trump is showing his ignorance of how trade really works again. He's starting to insist that Apple should be making their stuff inside the US. Without The Donald realising that Apple pretty much does, already, make its stuff...

To Answer The Wrong Question Concerning Employment And Chinese Import Competition

This is interesting but it's sadly the answer to the wrong political question. Waht is going to happen here, obviously and absolutely, is that people will take this a evidence that import competition creates unemployment. This is not the...

As Malaysia Cancels, China’s Belt And Road Isn’t Worth It

A working mantra of our times is that we should all be building much, much, more infrastructure. And that it should be government telling us where and what should be built, even going and building it. All of which...

China Printing India’s Banknotes Is A Great Idea – Even If It’s Not Happening

The thought that a Chinese company might be printing India's rupee banknotes has the more nationalist there - for which read far too many - up in arms about this selling out of vital national sovereignty. A ridiculous conception...

The China, US, Trade War – It’s All Mutual On The Way Down As...

So Donald Trump is going to spiral the trade war up a level by imposing tariffs on $200 billion's worth of Chinese goods. Presumably the next stage will be China imposing more tariffs on more US goods - although...

Chinese Peasants Who Made History

Dr. Madsen Pirie of the Adam Smith Institute writes how peasants in china changed the course of their countries development. It began with a piece of parchment secretly signed by trembling hands in the flickering light of 40 years ago,...

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THE METROPOLITANS — Episode Forty Four

A saga of everyday life in the Big L and a wry look at contemporary culture By Tony Carden   Episode Forty Four   Quinn detoured around a large...