🚨Big news!🚨 NSF Grant supporting the ongoing construction of a product level import and tariff database spanning the ENTIRE HISTORY of the US. Joint with @lyd_cox , @cmicmeissner, John Lopresti, @straiberman, Martin Rotemberg, and Alan Klein. #EconTwitter #tradepolicy

RT @jameswesleylake: Metal tariffs may help US metal producers & their workers. But steel is a *key* input in US manufacturing sector. Base…

@scottlincicome It's almost as if the current admin is... acting without knowing what it's doing or the consequences of said actions.

RT @D_A_Irwin: More than you want to know about McKinley and the tariff, but beautifully produced!

@cl1kkr @KhoaVuUmn 🤣

@TradeDiversion Really?!

@Robert_B_Bowes

RT @HPellegrina: Check out next week for this amazing review coordinated by Nina Pavcnik, Stefania Garetto and Natalia Ramondo! Really happ…

RT @D_A_Irwin: Glad I could work Tigger into my background for this PBS News Hour take on tariffs, along with @KClausing and @melovely_max…

@_amackay Awesome. Thanks for explaining it. I imagine you've had that question before.

RT @chenzix: I'm very proud of this and excited to finally put it out there for everyone to use! See the full thread by @KarstenMueIIer for…

@_amackay Congrats on the pub! Looking at your description makes me curious how closely related is this to Feenstra's '94 demand supply elasticity estimator?

@FelixTintelnot @AldiUSA Fascinating. I wonder if they have this as an automated function and just feed in a vector of tariffs when they are announced.

@Stemulite23 @Overhand535 @RichardHanania If you're not competitive without a tariff, then adding one allows higher cost domestic firms the ability to sell goods. Now, simplifying all of this, if I buy domestic I don't pay the tariff, but do pay a higher price.

@anantsudarshan Agreed. Broken clocks and all that.

@anantsudarshan Sure, but the correct read is "and so we should have aided redistribution." There is deep irony when the party of "free markets or die" + "no handouts" doesn't like the firsthand experience & begs for market intervention (tariffs) and handouts (ag sub) while shrinking the pie.

@jjreade And still, I must provide the context I can.

@anantsudarshan That tariffs could in principle matter isn't what I'm highlighting. I'm just trying to emphasize how much of a setback in global integration this is. The chart I put there frankly understates it as the US has a larger import share of gdp now than the turn of last century.

@cmicmeissner Largest rise in the history of the nation so far.

@TradeandMoney Oh that makes more sense. No offense intended and certainly no intent to deceive!