Tariff Update: Incorporating Recent Decisions and Deals An

Our latest Tariff Update is out! What's 🆕?
✔️ AETR incorporating trade deals with UK and China
✔️ Sectoral "Impact Factor" (IF)

IF measures how tariffs affect the cost of production per sector considering input-output network.

Data can be downloaded!

Read More: www.richmondfed.org/publications...

This is adorable.

About the length of time it takes to publish a paper in macro 😆

💯 trying to fight chatGPT in this day and age for education is like trying to ban Wikipedia years ago.

It’s just man throwing sticks at elephants

Congrats!!! Love your work!!! 🤩🤩

These are the industries facing the largest tariffs (left) and the top 10 global product categories with the steepest US import booking declines for the week ending March 31, 2025 (right)

Tariff Update: Incorporating the April 9 Announcements The recent tariff announcement implies that the average effective tariff rate would rise further compared to our previous analysis.

Our new Tariff Update incorporating April 9 announcements is out!

Data underlying the figures (including tariffs by country, industry and county!) available to download at the bottom of the article 🤩

PS: just please remember to cite us if you use the data

www.richmondfed.org/publications...

Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency

Yup

www.whitehouse.gov/presidential...

Regulating Imports with a Reciprocal Tariff to Rectify Trade Practices that Contribute to Large and Persistent Annual United States Goods Trade Deficits By the authority vested in me as President by the Constitution and the laws of the United States of America, including the International Emergency

Apparently, they actually did

www.whitehouse.gov/presidential...

Back in 2015 I created the “Econ Discussion Board” were people could post short comments to a paper.
I set it up, split it by fields, asked for moderators.

Nobody used it. 😞

Network coordination is key for these initiatives to work. I hope Econometrica will be the “sunspot” this time.

"You will never need to use price elasticity in real life."

Tariff: 😏

It’s one of those days…