Douglas Irwin
Trade/economic history @Dartmouth College @Peterson Institute for International Economics Website: sites.dartmouth.edu/dirwin/
- Just a friendly reminder that the anti dumping process continues to churn out high tariffs beyond Trump's reciprocal tariffs ... www.wsj.com/world/europe...
- This is a historic day for trade policy. Background here ⤵️
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- "Economic integration was once considered a threat to sovereignty. Today it has become its shield." www.economist.com/finance-and-...
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- www.nytimes.com/2025/10/29/o... Want to understand Reagan's trade policies? You have to understand the three P's: principles, pragmatism, and politics....
- More on Reagan v Trump on tariffs www.wsj.com/opinion/reag...
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- Anne Krueger political economy of the rent seeking society in action in Argentina
- "Openness is a driver of growth." New Nobel laureate in economics Philippe Aghion is pro-trade and anti-tariff . . . go figure!
- "The responsibility of economic historians is to remind the world what things were like before 1800. Growth was imperceptibly slow, and the vast bulk of the population was so poor that a harvest failure would kill millions." - Joel Mokyr www.wsj.com/articles/joe...
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- The US Constitution forbids export taxes but I guess this payment isn't a "tax" but a payout....🤔 www.nytimes.com/2025/08/10/t...
- On cue . .
- Some great lines from @davidfrum.bsky.social "There is no socialist way to create wealth. There is only a socialist way to spend wealth." "While Trump’s behavior discredits markets, his rhetoric vilifies markets." & more . . . www.theatlantic.com/ideas/archiv...
- Heartbreaking to the extent that US tariff policy contributed to this . . . www.bbc.com/news/article...
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- Greg Mankiw in the WSJ on whether economics is a science
- Attention Capitol Hill staffers:
- The ancients were onto something....
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- Declining trade volume is a goal, a feature not a bug
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- Great thread! There's a big difference between trade deals and trade agreements. Trade deals are limited, short term, and often superficial (remember IPEF?). Trade agreements are comprehensive, long term, substantive, and require Congressional approval. US isn't doing the latter.
- Excellent thread and podcast about the challenges to Britain's free trade policy in 1903....
- Never thought I'd see such a photo! Probably the same people who opposed TPP in 2016....?
- There's always been a lot of free trade bashing (you might say that free trade is always under fire), but you might miss or appreciate it when it's gone or taken from you . . . www.ft.com/content/9fd4...
- Brazil tried protectionism . . did it work? anyone? www.wsj.com/economy/trad...
- Thank you @crampell.bsky.social for this scathing piece... Why are Democrats pulling their punches on Trump’s disastrous trade war? www.washingtonpost.com/opinions/202...
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- With trade policies run amok, I hope @davidjlynch.bsky.social can explain all in his forthcoming book . . . looks fascinating www.amazon.com/Worlds-Worst...
- The actual formula for the tariffs that Trump applied includes kappa - the "kindness" factor, where k >> 0. k > 1 is kindness, k < 1 is unkindness, and Trump set k = 2
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- With tariffs, Trump said, “we can be so much wealthier than any country, it’s not even believable.” He got that last bit right. www.economist.com/by-invitatio...
- Great thread . . .
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- We have a 20th century president in a 21st century economy who wants to take us back to the 19th century...
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- Incredible backlash against the attacks on trade
- Not much has changed since 2018 . . . same analysis applies pretty much to today
- This clears it up!
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- "tariffs are tax cuts" 🤡 www.foxnews.com/video/637065...
- If the auto tariffs leave NAFTA/USMCA in shambles, reciprocal tariffs (April 2, liberation day) will leave the WTO in shambles - at least as far as the US is concerned. The writing is on the wall . . . .
- The return of VERs? Sometimes old trade policy instruments, long dead and buried, can stage a comeback . . . www.wsj.com/economy/trad...
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- I'm often asked, but don't tariffs save jobs?
