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Trump Administration

43 posts

Stephen Miran on Tariffs and National Savings

In a speech earlier this week, Stephen Miran, who had been the Chair of the Council of Economic Advisers and is now a member of the Federal Reserve Board, made his case for a looser monetary policy. One aspect of his argument was that he thinks national savings will be

The Japan-U.S. Investment MOU: Centrally Planned Foreign Investment?

In the last post, Mona set out the basics of the Japan-U.S. MOU on "Strategic Investments" in the U.S. – or at least, a version of the MOU that was posted by the Japanese government online, although we don't know for sure if this is

Have the Japanese turned investment lemons into investment project lemonade?

Last week, the governments of the United States and Japan completed a Memorandum of Understanding (MOU) to flesh out the details of a $550 billion pledge to invest in the United States made as part of the bargain to ‘buy down’ the tariffs imposed on Japanese traded products. For months,

U.S. State Capitalism as a Response to Chinese State Capitalism

In an interview last week, David Faber of CNBC pressed Commerce Secretary Howard Lutnick on several Trump administration actions that could be characterized as "state capitalism": Faber: As somebody who's been around the capital markets for years, as you have been, I do wonder, how do

Matthew Schaefer on Trump Administration Trade Policy: A Historical Perspective and Key Questions & Takeaways

The following is an excerpt from a new Yeutter Institute piece by University of Nebraska law professor Matthew Schaefer entitled "Trump Administration Trade Policy: A Historical Perspective and Key Questions & Takeaways," offering a good roundup of a lot of the biggest trade policy issues out there at

Jamieson Greer on Remaking the Global Trade Order

U.S. Trade Rep. Jamieson Greer had a NY Times op-ed yesterday entitled "Why We Remade the Global Order." I have a few reactions to specific things he said. I'll quote some points from the op-ed and then give a brief response. Greer: Our current, nameless

Trump Pushes Big Pharma on Controlling U.S. Prices

Following up on a previous post of mine, let's check in on the Trump administration's efforts to lower drug prices in the U.S. market. A White House fact sheet from last week explains that "Trump sent letters to leading pharmaceutical manufacturers outlining the steps

Enforcing the Market Opening Commitments in the Trump Trade Deals

In an interview with Bloomberg last week, U.S. Trade Rep. Jamieson Greer was asked about enforcement of all the recently negotiated trade deals: Question: On implementing those deals ... you mentioned that you would be looking and monitoring them for any violations. How will this administration judge what is a

Will Trump's Trade Deals Increase U.S. Exports?

One of the criticisms of the Biden administration on trade policy was that it didn't put enough effort into improving access for U.S. producers to foreign markets. The Trump administration, by contrast, has made this one of its priorities. But will its approach to market access work?

To What Extent Are the Trade Negotiations about Security?

On the face of things, the trade negotiations triggered by President Trump's unilateral actions are focused on various trade-related objectives. Trump thinks higher U.S. tariffs are a good way to do some mix of the following: reshore domestic manufacturing, reduce the U.S. trade deficit, and increase