so if Chinese yuan is undervalued vs USD by nine percent, then Trump just agreed to have higher effective tariffs inclusive of currency devaluation on US exports going to China (19.9%) than Chinese exports going to the US (18.3%)

This thread is now a blog post, in which I discover that some of the language people find encouraging was just reused from that time China's spokesperson called reports of talks "fake news"! open.substack.com/pub/gwbstr/p...

"Lorain County, which voted overwhelmingly for Trump in November’s election, is keeping the faith." 🧐Trump actually won just 52% of vote there "Even some Democrats support the idea of tariffs." No kidding! Sherrod Brown (D) is 1 and won Lorain www.ft.com/content/d233...

@cqchoi.com comments on that Nature article below

1/last week SCMP made big claims about major milestone in China's chip research www.scmp.com/news/china/s...

1/

Yes Autor correct up to a pt but there is still the problem of the structurally oversaving nations depending on open trade/finance economies to run trade deficits (overconsume&underproduce).Targeted policies only shift sectoral specialization, do not solve underproduction nytimes.com/2025/03/18/b...

I'm writing a screenplay––possibly based on true events–– about how Trump is actually a puppet of Canada's Liberal Party. I'm calling it The Manitoba Candidate www.nwprogressive.org/weblog/2025/...

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World-class legislative trolling by Democrats in OH legislature: introduced bill to ban men from ejaculating unless intent on conception, exemptions for sperm donation, LGBTQ+ and masturbation. Highlighting hypocrisy of the right in controlling women's bodies. www.cleveland19.com/2025/02/14/o...

My new piece in Nikkei Asia: asia.nikkei.com/Opinion/Deep...

www.kharistempleman.com/blog/taiwan-... 1/Interesting piece (unfortunately no direct way to post it to bluesky though the blog has direct posting function to that other social media app) but on one minor point, I would disagree that these moves threaten to undermine Taiwan's fiscal discipline

The golden age of trusting everything you read on Facebook is over.

"sources said the Chinese government is responsible for the suspensions of worker deployments and equipment exports." Hmmm sounds like the Chinese government is quite worried about emerging competition from India. restofworld.org/2025/china-f...

Oof! First reference to Bluesky in the U.S. Supreme Court comes from Justice Elena Kagan, who uses it as an example of how it isn't just TikTok that has "black box" algorithms, all the social media sites do. Valid argument, bad example—Bluesky's algorithms are open-source.

Baldwin squaring trade economics w/geopolitics "comparative adv necessitates a nuanced re-evaluation. While efficiency remains a critical metric, policy makers must now weigh this against the risks w/overreliance on ...adversarial trading partners" www.linkedin.com/pulse/compar...

RIP David Lodge I originally thought his hilarious trilogy was satire but then I went to work in British academia and came to realize it was just Geertzian thick description of the reality of British academic life www.theguardian.com/books/2025/j...

Biden blocks US Steel acquisition due to United Steelworkers' opposition to the deal www.wsj.com/business/dea...

Enjoyed presenting today at @uoft.bsky.social Innovation Policy Lab brown bag on American chip export controls against China. Thanks to David Wolfe for hosting.

Delighted to have the opportunity to speak at the US-China Seminar Series at the LSE Phelan United States Centre this afternoon. The title of my talk is "From unilateral failure to multilateral success? The evolution of American chip controls on China."

1/with new export controls scheduled to be announced soon–– today (?),it will be interesting to see if the loopholes outlined in this piece will be addressed semianalysis.com/2024/10/28/f...

as @hofrench.bsky.social notes, the financial repression + demographics story has been long known by China "bears" foreignpolicy.com/2024/01/23/c...

@drodrik.bsky.social given Larry S's "stellar" public policy track record, does his board seat at OpenAI mean we're doomed to reach singularity next year?

In a new paper, Elkobi and I scrape the most comprehensive local govt & LGFV bond issuance data of 35K issuance and finds over 50 trillion RMB in local bonds outstanding. For 12 provinces, monthly debt servicing is over 100% of monthly revenue. For 15 provinces over 50% of monthly revenue 1/2

1/great piece on Foxconn in India and very reminiscent of the STRUGGLES Taiwan notebook manufacturers had circa 1999 in coastal China where it is now taken for granted that China has an immutable and unassailable mass manufacturing advantage restofworld.org/2023/foxconn...

オウ　オウ　オウ　オウ　阪神タイガ－ス フレ　フレ　フレ　フレ

1/Interesting to see high PISA performers such as Finland doing badly by this standard and relatively weak PISA performers such as the US and Israel doing relatively well.

Delighted to be interviewed by Mercy Kuo in The Diplomat: thediplomat.com/2023/10/the-...