March 26, 2018 — Caijing Magazine asked me the following questions about US steel tariffs on 3/14.
Answer: I see trade wars lurking around the corner. They are not yet here for sure. But recent developments are very worrying.
Of course it will not be easy for the US to win a trade war. This is one of the most foolish things Trump has said
March 9, 2018 — PBS NewsHour asked some of us six questions about the new tariffs. My responses appear below. The others’ are at: “Trump’s tariffs will do more harm than good, experts say,” March 8.
PBS: Would President Trump’s proposed tariffs on steel and aluminum imports help create more jobs in the United States, as he argues?
JF: The import tariffs are likely to create a few jobs specifically in the US firms that make steel and aluminum. The important point, however, is that such positive effects will be far outweighed by negative effects on other sectors.
March 5, 2018 — Why has the dollar fallen since January 2017? My answer is an economic turnaround in the rest of the world. Also the level of the dollar remains rather high. But Larry Summers has a different answer.