Chad P. Bown | Lightnews

Chad P. Bown @chadpbown.com · 9h

US auto executives are on edge over the possibility that Trump would cut a deal allowing the world’s second-largest car market to have the same cut-throat competition with Chinese rivals that has swept across Europe, south-east Asia and Latin America.

by Christian Davies, Kana Inagaki & Gloria Li

US carmakers spooked by Chinese rivals gaining foothold in America

Executives on edge about a possible policy shift in Washington ahead of Trump’s planned visit to China in April

www.ft.com

Chad P. Bown @chadpbown.com · 3d

Taiwan!
El Salvador!
Guatemala!
North Macedonia!

SO. MANY. DEALS.

Chad P. Bown @chadpbown.com · 6d

India!
Argentina!
Bangladesh!

it has been a busy couple of days...

...there are LOTS of new entries to the Trade War Timeline

Trump's trade war timeline 2.0: An up-to-date guide

President Donald Trump started his second term in office with momentous plans to change US trade policy to achieve various economic and nontrade related aims. This timeline tracks the development of t...

www.piie.com

Chad P. Bown @chadpbown.com · 3d

AFFORDABILITY SCOOP: Trump administration is reportedly reviewing his 50% tariffs on steel and aluminum. Plans may be to exempt some items, halt expansion of tariffs, and launch more targeted national security probes into specific goods.

by @aimewilliams.bsky.social & @andybounds.bsky.social

Trump plans to roll back tariffs on metal and aluminium goods

Latest softening of levies comes amid persistent voter anxiety about affordability in the US

www.ft.com

Chad P. Bown @chadpbown.com · 3d

The agreement ends a disadvantage for Taiwan as the new US tariff of 15% puts it on a par with America's other important trading partners, like Japan and South Korea.

By @aimewilliams.bsky.social

www.ft.com/content/c7e1...

US and Taiwan sign trade agreement to seal chip investment

Deal will reduce American tariffs on a range of Taiwanese food products

www.ft.com

Chad P. Bown @chadpbown.com · 4d

NEW RESEARCH: Based on US data through November 2025, nearly 90 percent of the economic burden of Trump's 2025 tariffs fell on U.S. firms and consumers.

by Mary Amiti, Chris Flanagan, Sebastian Heise, and David E. Weinstein

Who Is Paying for the 2025 U.S. Tariffs? - Liberty Street Economics

Over the course of 2025, the average tariff rate on U.S. imports increased from 2.6 to 13 percent. In this blog post, we ask how much of the tariffs were paid by the U.S., using import data through No...

libertystreeteconomics.newyorkfed.org

Chad P. Bown @chadpbown.com · 4d

Super fun to chat with the amazing Sabri Ben-Achour about how Trump is suddenly making China look a lot more attractive to Canada and other US allies.

For the @marketplace.org Morning Report...

Are U.S. allies pivoting to China for trade deals?

Canadian PM Mark Carney and British PM Kier Starmer both visited Beijing in January for trade talks. Could it be a sign of a shifting world order?

www.marketplace.org

Chad P. Bown @chadpbown.com · 4d

Six Republicans joined most all Democrats in voting 219-211 on Wednesday to terminate the national emergency that Trump invoked in February 2025 to impose tariffs on Canadian imports. (The president is likely to veto it.)

by @aimewilliams.bsky.social & Lauren Fedor

US House of Representatives votes to overturn Donald Trump’s tariffs on Canada

Six Republicans broke with the president’s party to pass the measure

www.ft.com

Chad P. Bown @chadpbown.com · 5d

Reports are that Trump is "privately musing about exiting the North American trade pact."

Deep dive by @joshwingrovebbg.bsky.social into what we know about the upcoming USMCA review.

Trump Privately Weighs Quitting USMCA Trade Pact He Negotiated

President Donald Trump is privately musing about exiting the North American trade pact, people familiar with the matter said, injecting further uncertainty about the deal’s future into pivotal renegot...

www.bloomberg.com

Chad P. Bown @chadpbown.com · 6d

India!
Argentina!
Bangladesh!

it has been a busy couple of days...

...there are LOTS of new entries to the Trade War Timeline

Trump's trade war timeline 2.0: An up-to-date guide

President Donald Trump started his second term in office with momentous plans to change US trade policy to achieve various economic and nontrade related aims. This timeline tracks the development of t...

www.piie.com

Chad P. Bown @chadpbown.com · 6d

Commerce Department is reportedly planning to provide US hyperscalers with carve-outs from Trump's tariffs that would be tied to TSMC's investment commitments and the US-Taiwan trade deal.

by @aimewilliams.bsky.social

US plans Big Tech carve-out from next wave of chip tariffs

Exemptions would be based on chipmaker TSMC’s US investment commitments, officials say

www.ft.com

Chad P. Bown @chadpbown.com · 7d

Hanging over it all are myriad questions over Trump’s intentions with China. The suspicion of many allies and experts being that he is more interested in striking a commercially driven trade deal than isolating an existential rival.

by @sdonnan.bsky.social

Trump Follows in Rebuild of Global Trading Order He’s Dismantling

Trump has only concluded five trade deals, with a dozen others remaining mere frameworks

www.bloomberg.com

Chad P. Bown @chadpbown.com · 9d

USMCA Review: Automotive executives and policymakers both are grappling with a process where details from the Trump administration remain unclear, though economic stakes are unmistakably high.

by Liam Rappleye, in Detroit, @usatoday.com

As USMCA review looms, experts say auto industry's future is uncertain

The USMCA agreement will be reviewed in July. At an automotive forum in Detroit, experts said that the auto industry's future hangs in the balance.

www.usatoday.com

Chad P. Bown @chadpbown.com · 9d

**Like importers, apparently US tourism service exports were also front-running President Trump's policies in 2024

Chad P. Bown @chadpbown.com · 9d

Furthermore, US travel services exports were flat in 2025.* They had increased by 13% in 2024.**

*Source: Year-to-date data through November 2025 from Exhibit 3 of BEA 2026
www.bea.gov/sites/defaul...

Donald Trump’s policies dent international travel to US in blow to tourism sector

Foreign visitors to the US fell 4.2% in 2025, while international travel worldwide rose 4%

www.ft.com

Chad P. Bown @chadpbown.com · 10d

legit video screen grab from my USMCA panel with former House Ways & Means Chair Kevin Brady

(that’s my head on the left)

Chad P. Bown @chadpbown.com · 11d

🚗 DETROIT!!! 🚗

Super honored to be in the great state of Michigan for the Chicago Fed's 32nd Annual Automotive Insights Symposium, talking USMCA, supply chains, tariffs, and (of course) China with the very great @kdziczek.bsky.social & Sushan Demirjian

📺[VIDEO] www.chicagofed.org/events/2026/...

Chad P. Bown @chadpbown.com · 13d

if they extended this to over-50s i would move to Spain

Spain to ban social media access for under-16s

Move follows Australia’s decision to introduce age-based restrictions over child safety concerns

www.ft.com

Chad P. Bown @chadpbown.com · 13d

Do you take Apple Pay?

Chad P. Bown @chadpbown.com · 13d

Thanks, Wally!!!

Chad P. Bown @chadpbown.com · 13d

Five charts show the impact on the economy after a year of sweeping trade changes by the Trump administration.

Some *top-level* nerdery, from @anaswanson.bsky.social

The Effects of Tariffs, One Year Into Trump’s Trade Experiment

www.nytimes.com

Chad P. Bown @chadpbown.com · 14d

India signed a trade agreement with the European Union just last week. (That deal eventually provides EU companies preferential access to the Indian market.)

The Economics Show with @soumayakeynes.ft.com has an excellent episode explaining the EU-India deal, with @nks.bsky.social & Ajay Srivastava.

Chad P. Bown @chadpbown.com · 14d

Trump says US will reduce his tariffs on India from 50% (25% Russian oil tariff + 25% reciprocal tariff) to 18%.

(NB: 18% is in line with Trump's tariffs on other countries in South Asia)

by Gavin Bade

U.S. Will Cut Tariffs on India to 18% in Trade Deal, Trump Says

President Trump said Indian Prime Minister Narendra Modi agreed to stop buying Russian oil and boost American purchases.

www.wsj.com

Chad P. Bown @chadpbown.com · 15d

“the big TV”

🥇🥇🥇

Lynn Fischer Fox @fischerfox.bsky.social · 15d

This was very good! So good we watched it on the big TV in the living room, even if the cool teenager said "this looks really boring".

Chad P. Bown @chadpbown.com · 16d

Huge thanks to @pkrugman.bsky.social for the invite to be on the show — really fun conversation on all things trade policy, tariffs, and global weirdness.

Also confirming for family record-keeping purposes: this is indeed my “talking to a Nobel Laureate” face.

Lynn Fischer Fox @fischerfox.bsky.social · 15d

This was very good! So good we watched it on the big TV in the living room, even if the cool teenager said "this looks really boring".

Chad P. Bown @chadpbown.com · 16d

Huge thanks to @pkrugman.bsky.social for the invite to be on the show — really fun conversation on all things trade policy, tariffs, and global weirdness.

Also confirming for family record-keeping purposes: this is indeed my “talking to a Nobel Laureate” face.

Talking with Chad Bown

YouTube video by Paul Krugman

youtu.be

Simon Lester @simonlester.com · 16d

Krugman: "We don’t know what the US scene will look like a month from now, let alone in 2029, but if we have a non- Trump-like administration going forward, will we kind of go back to something like a rules-based system?"

Bown: "I think it makes too much sense not to."

Makes sense to me too.

Chad P. Bown @chadpbown.com · 16d

Huge thanks to @pkrugman.bsky.social for the invite to be on the show — really fun conversation on all things trade policy, tariffs, and global weirdness.

Also confirming for family record-keeping purposes: this is indeed my “talking to a Nobel Laureate” face.

Talking with Chad Bown

YouTube video by Paul Krugman

youtu.be

Chad P. Bown @chadpbown.com · 16d

Huge thanks to @pkrugman.bsky.social for the invite to be on the show — really fun conversation on all things trade policy, tariffs, and global weirdness.

Also confirming for family record-keeping purposes: this is indeed my “talking to a Nobel Laureate” face.

Talking with Chad Bown

YouTube video by Paul Krugman

youtu.be

Chad P. Bown @chadpbown.com · 17d

Trump has imposed A LOT of tariffs on small / mid-sized countries, stopping their exports to the US. If these countries are no longer allowed to sell to the US market, their companies have to sell somewhere else to achieve scale.

The other major large economy out there is China.

by Morgan Phillips

US allies edge closer to Beijing as critics warn China is gaining leverage over Washington

U.S. allies, including Canada's Prime Minister Mark Carney, reopen China trade channels despite critics warning of weakened Western unity. Agricultural exports gain relief.

www.foxnews.com

Chad P. Bown @chadpbown.com · 19d

just received two furry creatures in the mail from my amazing former RA but what do I know about popular culture so when I asked for an explanation of course she said

"Labubu is very popular nowadays, soon to be the number one traded good between US and China so I figured you might be interested."

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