Financial Times (May 9)
“China’s exports grew sharply in April despite Donald Trump’s ‘liberation’ day tariffs on shipments to the US, strengthening Beijing’s hand ahead of crucial trade negotiations due to start this weekend.” Chinese companies were able to divert “trade flows to south-east Asia, Europe and other destinations following the imposition of prohibitively high tit-for-tat tariffs between the world’s two largest economies.” Though year on year exports to the U.S. dropped by 21% in April, China’s overall global exports increased 8.1%.”
Tags: April, Beijing, China, Divert, Europe, Exports, Liberation day, Shipments, South-east Asia, Tariffs, Trade negotiations, Trump, U.S.
Chicago Booth Review (May 8)
The United States “will miss having reliable data.” The U.S. government “has recently taken steps to pare its infrastructure for economic data collection and analysis, including shuttering the Bureau of Economic Analysis Advisory Committee and the Federal Economic Statistics Advisory Committee.” Based on a March poll, economists ”expressed broad concern about how eroding the government’s data-collection resources might affect the quality of American economic information—and the decisions based on it.” There responses suggested “that less reliable statistics won’t just be a problem for policymakers.”
Tags: Analysis, Bureau of Economic Analysis Advisory Committee, Data collection, Decisions. Statistics, Eroding, Federal Economic Statistics Advisory Committee, Government, Infrastructure, Pare, Policymakers, Quality, Reliable, U.S.
