Justin Wolfers

justinwolfers.bsky.social

06 May 2025 17:08

There is an important asymmetry. Most countries are engaged in only one trade war. The United States is engaged in 192. So folks in other countries can easily shop elsewhere, but American's can't. The trade war hurts us more than them.

Justin Wolfers

justinwolfers.bsky.social

06 May 2025 17:08

This seems... wrong. Trading with others generates gains for both sides of the transaction. Trump's tariff prevent trade, destroying the gains both for Americans and our trading partners. Recognize that symmetry and you'll see how much he's hurting Americans.

Justin Wolfers

justinwolfers.bsky.social

06 May 2025 04:14

Will Trump's proposed movie tariffs will help or hurt the American entertainment industry? Markets responded pretty clearly.

Justin Wolfers

justinwolfers.bsky.social

06 May 2025 04:09

Big thank you to Ali @velshi.com for giving me a healthy chunk of air time to explain the Econ 101 of bilateral trade deficits. It matters because this is the intellectual foundation for the President's trade war.