Brad Setser
speaker
466 appearances
2 recordings
1 series
first heard Nov 2024
last heard Apr 2025
Brad Setser’s voice in public audio — every appearance, attributed to the second.
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Appearances
Limits on how many Chinese parts can be included in that operation.
For now, you get around the tariff.
Now I think there will be a renegotiation of USMCA that will make some of this a bit harder over time.
But that at least is the opportunity that would be open.
for now, if nothing, more changes, but it doesn't feel fully consistent with the president's intent either.
The simple answer is uh as you know, Joe, no.
This felt like a group of economic advisors who had put off doing a term paper until really late at night and were scram scrambling to come up with
Perhaps.
But I mean, essentially, I it certainly seems l from the TikToks that the president himself asked for tariffs on not just 15 countries, but 70 countries or something.
And people had to come up with a formula because it was clear that USTR and others didn't have the capacity to do true assessments of all of the countries that were covered by this announcement.
But it does feel like a term
Paper that went horribly wrong because it was written at four in the morning and it had to be submitted at six.
There are some obvious
Weirdness that comes from this formula.
The most significant of which, in my view, is that small Asian economies that generally have current account deficits, their trade deficits overall, often run surpluses with the United States because they're relatively poor.
They don't can't afford many of our goods, and they can still produce clothing more or less for the US market.
So hence we put really quite heavy tariffs on a country like Sri Lanka, a country like Bangladesh.
You know, countries where I don't think there was any significant concern about the pattern of trade.
I sure there were some concerns about sweatshops and labor rights and so forth and so on, but no one was sort of in the US economy was uh, you know, hey, hey, ho ho, competition from Sri Lanka has to go.
This was just a function of a formula applied without thought.
Showing 61–80 of 466 · page 4 of 24
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