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Trade Wars are Class Wars

Author : Matthew C. Klein
Publisher : Yale University Press
ISBN 13 : 0300244177
Total Pages : 292 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis Trade Wars are Class Wars by : Matthew C. Klein

Download or read book Trade Wars are Class Wars written by Matthew C. Klein and published by Yale University Press. This book was released on 2020-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a very important book."--Martin Wolf, Financial TimesA provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award "Worth reading for [the authors'] insights into the history of trade and finance."--George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.

Steel Trade Wars

Author : Metal Bulletin Research (Firm)
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.:/5 (585 download)

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Book Synopsis Steel Trade Wars by : Metal Bulletin Research (Firm)

Download or read book Steel Trade Wars written by Metal Bulletin Research (Firm) and published by . This book was released on 2004 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Steel Industry Update : the Trade War Begins

Author : Cousins, Randy
Publisher :
ISBN 13 :
Total Pages : 5 pages
Book Rating : 4.:/5 (465 download)

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Book Synopsis Steel Industry Update : the Trade War Begins by : Cousins, Randy

Download or read book Steel Industry Update : the Trade War Begins written by Cousins, Randy and published by . This book was released on 1998 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade War

Author : Lori Ann LaRocco
Publisher :
ISBN 13 : 9780997887150
Total Pages : 208 pages
Book Rating : 4.8/5 (871 download)

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Book Synopsis Trade War by : Lori Ann LaRocco

Download or read book Trade War written by Lori Ann LaRocco and published by . This book was released on 2019-11-13 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: The multi-front trade war, which started with solar panels and washing machines, quickly expanded to additional battles: the 232 action on Aluminum and Steel imports, Intellectual Property, Autos, and Immigration. As a result, retaliatory tariffs were imposed and the flow of global trade the world once knew was changed. Headlines reporting the China tariffs "on hold," "truces announced" as well as threats of additional tariffs being imposed, continue to feed the uncertainty which would send the markets to historic highs and dramatic selloffs.So how can one get a sense of the true status of trade and the good faith being pledged by countries like China?Through the trade flows!With ninety percent of the world's economy moved by maritime transport, the ocean highway is the best way for anyone to gauge the status of trade talks as well as monitor the flow of trade. Remember, the two phrases your mom said when you were a teen: "talk is cheap" and "actions speak louder than words?" Well, when it comes to the world of shipping, that is the action being taken. Best-selling author Lori Ann LaRocco takes readers inside the world of global trade and shows us: Containers and tankers don't lie.Let's cut through the political rhetoric and see what the tea leaves of maritime are telling us, as well as the strategies some business leaders are employing to navigate the trade wars.

Clashing Over Commerce

Author : Douglas A. Irwin
Publisher : University of Chicago Press
ISBN 13 : 022639901X
Total Pages : 873 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Clashing Over Commerce by : Douglas A. Irwin

Download or read book Clashing Over Commerce written by Douglas A. Irwin and published by University of Chicago Press. This book was released on 2017-11-29 with total page 873 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs

Ring of Steel

Author : Alexander Watson
Publisher : Basic Books
ISBN 13 : 0465056873
Total Pages : 451 pages
Book Rating : 4.4/5 (65 download)

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Book Synopsis Ring of Steel by : Alexander Watson

Download or read book Ring of Steel written by Alexander Watson and published by Basic Books. This book was released on 2014-10-07 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: A prize-winning, magisterial history of World War I from the perspective of the defeated Central Powers For the Central Powers, the First World War started with high hopes for an easy victory. But those hopes soon deteriorated as Germany's attack on France failed, Austria-Hungary's armies suffered catastrophic losses, and Britain's ruthless blockade brought both nations to the brink of starvation. The Central powers were trapped in the Allies' ever-tightening Ring of Steel. In this compelling history, Alexander Watson retells the war from the perspective of its losers: not just the leaders in Berlin and Vienna, but the people of Central Europe. The war shattered their societies, destroyed their states, and imparted a poisonous legacy of bitterness and violence. A major reevaluation of the First World War, Ring of Steel is essential for anyone seeking to understand the last century of European history.

Trade Wars

Author : The New York Times Editorial Staff
Publisher : The Rosen Publishing Group, Inc
ISBN 13 : 1642821411
Total Pages : 224 pages
Book Rating : 4.6/5 (428 download)

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Book Synopsis Trade Wars by : The New York Times Editorial Staff

Download or read book Trade Wars written by The New York Times Editorial Staff and published by The Rosen Publishing Group, Inc. This book was released on 2018-12-15 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many years, the United States has had established trade agreements with other countries to regulate the even flow of goods and maintain a healthy economy. But many of these entrenched trade agreements have now been upended, and with new tariffs being implemented, the global economic relationships between countries are changing. Will new tariffs help or hurt the United States and its traditional allies? How will U.S. industries be affected? With newer, more severe tariffs in place, bringing tariff retaliation from other trading partners, the future of trade relationships is shifting and uncertain.

Trade Wars

Author : The New York Times Editorial Staff
Publisher : The Rosen Publishing Group, Inc
ISBN 13 : 164282139X
Total Pages : 226 pages
Book Rating : 4.6/5 (428 download)

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Book Synopsis Trade Wars by : The New York Times Editorial Staff

Download or read book Trade Wars written by The New York Times Editorial Staff and published by The Rosen Publishing Group, Inc. This book was released on 2018-12-15 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: For many years, the United States has had established trade agreements with other countries to regulate the even flow of goods and maintain a healthy economy. But many of these entrenched trade agreements have now been upended, and with new tariffs being implemented, the global economic relationships between countries are changing. Will new tariffs help or hurt the United States and its traditional allies? How will U.S. industries be affected? With newer, more severe tariffs in place, bringing tariff retaliation from other trading partners, the future of trade relationships is shifting and uncertain.

Preventing a Trade War

Author : Sebastian Płóciennik
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (14 download)

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Book Synopsis Preventing a Trade War by : Sebastian Płóciennik

Download or read book Preventing a Trade War written by Sebastian Płóciennik and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Trade War

Author : Aryeh Ksah
Publisher : Independently Published
ISBN 13 : 9781077230750
Total Pages : 68 pages
Book Rating : 4.2/5 (37 download)

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Book Synopsis Trade War by : Aryeh Ksah

Download or read book Trade War written by Aryeh Ksah and published by Independently Published. This book was released on 2019-06-30 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dawn Of The World War III?!!!Throughout history, trade wars have been common, but with most instances being between China and US. Up to date, the US has launched the famous "Section 301 investigations" since 1991 against China, specifically probing into the areas of unfair trade barriers, intellectual property rights and clean energy. During these investigations (in the past), both countries have naturally turned to tariffs as their means of retaliation. Nonetheless, these conflicts ended up being resolved through diplomatic means (such as using WTO's dispute settlement mechanism to settle a compromise).Before the most recent round of investigation that triggered the current wave of eruptions, the last investigation was done in September 2010. The Obama administration began an investigation into China's subsidy policies as well as the investment in green technologies following a petition filed by the United Steelworkers. This investigation targeted subsidies given to over 150 Chinese companies in solar energy, wind energy, alternative fuel vehicles and high-performance batteries, which were (allegedly) in violation of World Trade Organization's policies. Before the investigations escalated into a trade war, the US did apply for consultations within WTO's dispute framework in December 2010, and China accepted to revise the subsidy policies. When Donald Trump assumed office, the White House evidently took a tough stance on trade policies; this was even before the trade war between China and the US broke out. In June 2017, President Trump started investigations on the import of aluminum and steel- as always, for 'national security reasons.' Given the huge aluminum and steel production capacity in China, there are enough reasons to believe that the investigation and the subsequent extra tariffs were initiated to target China. In 2018, the trade disagreements between China and the US increased in both scale and frequency, with the US repeatedly imposing anti-dump duties or tariffs on Chinese imports. In March 2018, President Trump signed an executive memorandum, which launched a 'section 301 investigation' into the intellectual property practices of China and threatened to issue additional tariffs on the country's imports. The trade tensions escalated. Could this trade war trigger World War III? Here Is A Preview On The Shocking Revelations To Prepare Yourself For World War III Chapter I: A Background Of The Trade War Chapter II: The Most Likely Reasons For The Friction, And The Escalation Of The Trade War Chapter III: A Possible World War 3 Chapter IV: The Impact Of The Trade War Globally Right Before An All-Out Trade War Or World War 3 Chapter V: The Possible Long Term Consequence From A Different Standpoint: A Global Remake Who Will Win?! And Much Much More........ Download this book right away and soon you will find yourself troubling picking a side

Research Handbook on Trade Wars

Author : Zeng, Ka
Publisher : Edward Elgar Publishing
ISBN 13 : 1839105704
Total Pages : 448 pages
Book Rating : 4.8/5 (391 download)

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Book Synopsis Research Handbook on Trade Wars by : Zeng, Ka

Download or read book Research Handbook on Trade Wars written by Zeng, Ka and published by Edward Elgar Publishing. This book was released on 2022-07-08 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Research Handbook on Trade Wars presents an informative and in-depth account of the origins, dynamics, and implications of trade wars, which are growing both in scale and scope in today’s increasingly interdependent global economy. Providing the frameworks necessary for understanding the political and economic logics of trade wars, this Handbook will be a valuable source of reference for researchers, government officials, businesses, and post-graduate students interested in international political economy, international economics, economic statecraft, public policy, and international relations.

Geopolitics, Supply Chains, and International Relations in East Asia

Author : Etel Solingen
Publisher : Cambridge University Press
ISBN 13 : 110883356X
Total Pages : 321 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Geopolitics, Supply Chains, and International Relations in East Asia by : Etel Solingen

Download or read book Geopolitics, Supply Chains, and International Relations in East Asia written by Etel Solingen and published by Cambridge University Press. This book was released on 2021-05-06 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: An accessible overview of political, economic, and strategic dimensions of global supply chains in a changing global political economy.

Love and Trade War

Author : Li Sheng
Publisher : Springer Nature
ISBN 13 : 9813348976
Total Pages : 191 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis Love and Trade War by : Li Sheng

Download or read book Love and Trade War written by Li Sheng and published by Springer Nature. This book was released on 2021-01-24 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book puts the trade war between the United States and China in historical context. Exploring the dynamics of isolation and internal reform from a Chinese perspective, the author draws upon valuable insights from China's years of isolation prior to the famous Nixon-Mao summit. Advocating internal reform as a more productive strategy than conflict with other powers, this powerful argument for globalization with Chinese characteristics will be of interest to scholars of China, economists, and political scientists.

China, Trade and Power

Author : Stewart Paterson
Publisher : London School of Economics and Political Science
ISBN 13 : 9781907994814
Total Pages : 176 pages
Book Rating : 4.9/5 (948 download)

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Book Synopsis China, Trade and Power by : Stewart Paterson

Download or read book China, Trade and Power written by Stewart Paterson and published by London School of Economics and Political Science. This book was released on 2018-10-18 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party's power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China's accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values. The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China's mercantilist model is now held up as a viable economic alternative. To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.

Rubinstein’s Bargaining Model and the 2018 Trade War between China and the U.S.

Author : Antonia Foeller
Publisher : GRIN Verlag
ISBN 13 : 3346325547
Total Pages : 50 pages
Book Rating : 4.3/5 (463 download)

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Book Synopsis Rubinstein’s Bargaining Model and the 2018 Trade War between China and the U.S. by : Antonia Foeller

Download or read book Rubinstein’s Bargaining Model and the 2018 Trade War between China and the U.S. written by Antonia Foeller and published by GRIN Verlag. This book was released on 2021-01-11 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2018 in the subject Economics - Other, grade: 1,0, University of Frankfurt (Main), course: VWL - Spieltheorie, language: English, abstract: This thesis applies a game theoretical approach to analysing the potential outcomes of the current trade war between the U.S. and China. The impact of tariffs on the American steel industry, as well as the Chinese soy bean industry will be predominantly examined. This is done by introducing a new expansion on Rubinstein’s Bargaining Model of 1982 in order to replicate the interaction between the U.S. and China. First, within Chapter 2, the thesis explains how a trade war is characterized, as well as the historic and current relationship between the U.S. and China. In this context, the starting point for later calculations is set. In Chapter 3, the original Rubinstein Bargaining Model and its underlying classic game is described and explained. In this thesis, two sub-models are considered: The Fixed Cost Model and the Fixed Discounting Factor Model. These are firstly defined within the original framework and secondly developed further to fit the Sino-American trade war context. The underlying assumptions and intuitions of the expansion are explained. Further, the main equations for the numeric examples are derived. Chapter 4 contains the main focus of this thesis; examining the existence and characteristics of equilibria within the Rubinstein Bargaining Model and its trade war expansion. The equilibria are analysed using numeric examples. On this basis, the impact of different variables, e.g. the market share elasticity with respect to tariffs, will be assessed. These results will then be interpreted and compared to Rubinstein’s original solution. Lastly, in Chapter 5, the model and its results in the trade war context will be assessed with respect to its advantages and limits. The conclusion follows with an outlook on some possibilities to further expand on the model.

Trade Wars Against America

Author : William J. Gill
Publisher : Greenwood
ISBN 13 :
Total Pages : 352 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Trade Wars Against America by : William J. Gill

Download or read book Trade Wars Against America written by William J. Gill and published by Greenwood. This book was released on 1990 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Unique in its breadth and scope, this volume provides a comprehensive history of U.S. trade and monetary policy from colonial times to the present. Gill examines the origins of the traditional protectionist policies that prevailed from the beginning of the Republic until 1913 and explores in detail America's experience with trade in the years from the end of World War I to the present day. Case histories of the experience of several U.S. industries in attempting to get the government to implement trade laws are drawn from the author's extensive involvement as a trade consultant. Gill asserts that U.S. economic might was built upon sound money and the overt protection of its industrial and economic base and that when protectionist policies have been abandoned--as in the Wilson and Reagan years--our economic position in the world has suffered. He calls for an end to the free trade zeitgeist of the 1980s, arguing instead for a renewed commitment to rational protection. Trade Wars Against America is chronological in approach. It begins by examining the protectionist policies of the early Republic; the War of 1812 as the first trade war after the Republic's founding; Andrew Jackson's struggle with the banking community over the conduct of trade and monetary policy; and the rise of protectionism after the Civil War and its culmination in the McKinley presidency, an era of unparalleled prosperity. Gill goes on to discuss the assault on the protectionist system by Woodrow Wilson and Edward House; the creation of the Federal Reserve Bank; the Trade Act of 1934 and its role in the Depression; and the supranational movement that culmiated at Bretton Woods and resulted in the creation of the World Bank, the International Monetary Fund, and the GATT--the Geneva-based organization implementing the General Agreement on Tariff and Trade. Finally, Gill looks at the period since World War II, concluding that trade wars are being waged against the United States primarily with the subsidies foreign governments give their industries to increase exports. Privately owned U.S. firms, Gill asserts, cannot effectively compete against government-owned or subsidized industries abroad.

Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy

Author : Alberto Cavallo
Publisher : International Monetary Fund
ISBN 13 : 1513518380
Total Pages : 37 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy by : Alberto Cavallo

Download or read book Tariff Passthrough at the Border and at the Store: Evidence from US Trade Policy written by Alberto Cavallo and published by International Monetary Fund. This book was released on 2019-11-01 with total page 37 pages. Available in PDF, EPUB and Kindle. Book excerpt: We use micro data collected at the border and at retailers to characterize the effects brought by recent changes in US trade policy - particularly the tariffs placed on imports from China - on importers, consumers, and exporters. We start by documenting that the tariffs were almost fully passed through to total prices paid by importers, suggesting the tariffs' incidence has fallen largely on the United States. Since we estimate the response of prices to exchange rates to be far more muted, the recent depreciation of the Chinese renminbi is unlikely to alter this conclusion. Next, using product-level data from several large multi-national retailers, we demonstrate that the impact of the tariffs on retail prices is more mixed. Some affected product categories have seen sharp price increases, but the difference between affected and unaffected products is generally quite modest, suggesting that retail margins have fallen. These retailers' imports increased after the initial announcement of possible tariffs, but before their full implementation, so the intermediate passthrough of tariffs to their prices may not persist. Finally, in contrast to the case of foreign exporters facing US tariffs, we show that US exporters lowered their prices on goods subjected to foreign retaliatory tariffs compared to exports of non-targeted goods.