Read more about the article Trump Tariffs Have Hurt U.S. Manufacturing Jobs
MISH TALK May 10, 2019 https://moneymaven.io/mishtalk/economics/dear-president-trump-stop-the-damn-trade-lies-k5NFyqo6dEGhQQFCSp7OkQ

Trump Tariffs Have Hurt U.S. Manufacturing Jobs

The hike in tariffs imposed by the United States against its major trading partners since early 2018 has been unprecedented in recent history. President Trump alluded to, among others, the goal of revitalizing jobs in the country's manufacturing industry by protecting it from unfair trade practices of other countries, particularly China. However, according to a study by two Federal Reserve Bank staff - Aaron Flaaen and Justin Pierce - released last December 23, the effect so far has been just the opposite, i.e. a reduction in U.S. manufacturing employment!

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Read more about the article Trying to make sense of Mr. Trump’s tweet on Brazil and Argentina

Trying to make sense of Mr. Trump’s tweet on Brazil and Argentina

In our view, while clarification and formalization of measures do not come, I have to agree with a former colleague on the IMF Executive Board of Directors, the Argentine Hector Torres, who in a comment Monday on LinkedIn noted: “President Trump believes that governments of Brazil and Argentina are manufacturing currency devaluations to damage US farmers… and respond by raising tariffs on imports of steel and aluminum… the premise is wrong and the reaction folly! ”. Not without first contributing to the uncertainty that, as we have observed, has already negatively impacted the global economy.

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Read more about the article Mercosur-EU trade agreement: better late than never

Mercosur-EU trade agreement: better late than never

The inclusion in the agreement of commitments regarding food security, environmental sustainability, adherence to the Paris Agreement, labor rights, rights of indigenous communities and others strengthen a Brazilian association to the European style of "globalism", assuaging fears widespread abroad that the country would turn to opposite directions after Brazil’s President Bolsonaro came to government.

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Read more about the article From ‘Rule of Law’ to ‘Law of the Jungle’: Global Trade seen through Twitter

From ‘Rule of Law’ to ‘Law of the Jungle’: Global Trade seen through Twitter

Instead of "rule of (multilateral) law", the US's bilateral handling of its super-strong market condition (24 percent of global GDP) more closely resembles a “law of the jungle” where the stronger imposes with force its will on the weaker.

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Read more about the article The Global Economy Remains Unbalanced

The Global Economy Remains Unbalanced

Global imbalances have not gone away as an issue, as they reveal that the global economic recovery may have been sub-par because of asymmetric excess surpluses in some countries and output below potential in many others. The end of the “era of global imbalances” may have been called too early. Lord Keynes’ argument about the asymmetry of adjustments between deficit and surplus economies remains stronger than ever.

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