The Economic Implications of Tariff Increases
https://www.frbsf.org/wp-content/uploads/el2025-17.pdf
Trade policy in the United States has been in flux in recent months. A theoretical analysis of recent increases in U.S. tariffs, including potential retaliatory tariffs by other countries, suggests a resulting drop in overall U.S. employment, although manufacturing employment increases. Results also indicate a decline in overall real income for the United States of around 0.4%, although this number masks important variation across U.S. states.
Transshipment is the new dirty word of trade
https://www.reuters.com/commentary/breakingviews/transshipment-is-new-dirty-word-trade-2025-07-21
https://www.frbsf.org/wp-content/uploads/el2025-17.pdf
Trade policy in the United States has been in flux in recent months. A theoretical analysis of recent increases in U.S. tariffs, including potential retaliatory tariffs by other countries, suggests a resulting drop in overall U.S. employment, although manufacturing employment increases. Results also indicate a decline in overall real income for the United States of around 0.4%, although this number masks important variation across U.S. states.
Transshipment is the new dirty word of trade
https://www.reuters.com/commentary/breakingviews/transshipment-is-new-dirty-word-trade-2025-07-21
The Global Economy Is Powering Through a Historic Increase in Tariffs
https://www.wsj.com/economy/trade/global-economy-tariffs-trade-growth-b2c1824a
Trade, production, growth and other global economic vitals are proving resilient almost four months after President Trump’s ‘Liberation Day’ tariffs.