Kadee Russ | Econofact

International Trade

The Costs of Tariffs in the U.S.-China Trade War

May 14, 2019

The Issue:

The tariff war imposes costs on U.S. consumers, firms, and farms. As trade tensions between the United States and China escalate with increasing tariff rates and a broadening set of goods subject to fees, costs of the spat are likely to rise. But determining who bears the bulk of these costs can be complicated.

International Trade

The Mexican Border and U.S. Trade: What Would Be the Impact of a Border Closure?

April 13, 2019

(Click here for state by state sales to Mexico.)

The Issue:

Recently, the Trump Administration proposed closing the U.S. border with Mexico. The United States has strong economic ties with Mexico and such an action could have ripple effects across the country. Concerns about the possibility of a closure following

International Trade

Will Steel Tariffs put U.S. Jobs at Risk?

February 26, 2018

(Click here for a larger interactive version with state-specific estimates. Map updated March 3, 2018)

The Issue:

The U.S. Department of Commerce announced recommendations on February 16, 2018 to impose heavy tariffs or quotas on foreign producers of steel. The proposed tariffs are taxes on imported steel. The ...
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International Trade

The Economics of the Korea-U.S. Free Trade Agreement

November 6, 2017

The Issue:

President Trump’s visit to South Korea this week occurs under a cloud of uncertainty over the future of our bilateral trading relationship. In an April interview with Reuters, the President said he was considering withdrawing from the Korea-U.S. Free Trade Agreement (KORUS), citing the U.S. trade deficit ...
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Economic Policy

The Council of Economic Advisers and the Role of Expert Economic Advice

February 21, 2017

The Issue:

During a television interview in the run-up to the Brexit vote in June 2016, British Justice Secretary Michael Gove refused to name any economists who supported Britain’s withdrawal from the European Union but said instead “People in this country have had enough of experts.” Politicians have denigrated ...
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