The funny thing about the economic Wonk is that they rarely view after mathematics.
With 145 % of the customs tariffs on China (or the Tram floating number today of 80 %), it stops numbers and trade with China mainly. They run this through their models and spit assumptions on economic growth and inflation.
This was the same thing when everyone declared sanctions against Russia and Iran.
What actually happened? Fraud.
You can still get anything you want in Russia, where goods are simply shipped through a friendly country of Russia that are re -exported. Otherwise, local officials turn off the location of their private companies ’shipment: after all, exports mean cutting jobs.
Based on Chinese trade today DataIt did not take long.
Chinese exports to the United States in the trade report today decreased by 21 %, but they increased by equal percentage with Southeast Asian countries and the European Union. The largest increases with Indonesia, Thailand and Vietnam were.
Justin Write This was earlier and the way for this angle was.
So, while every person in their arm around the trade war, reality may be more benign: stickers have been changed.
I expect the world’s greatest wear in the world to be importing Chinese goods, changing stickers and re -exporting the United States. It is in almost the interest of everyone to look at the other direction.
H/T @ Robin Brooks
Although I believe that all of this is forbidden to talk about it in the economic circles, it may remain in this way. Nobody tells Trump and the global economy can continue to attack.
Later this year,
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