Adam S. Hersh, Ph.D.
@ahecon.bsky.social
Economist @EconomicPolicy. Frmr @PERIatUMass
@JECDems @Policy_Dialogue @CAPeconomy @rooseveltinst. #econsky #china #trade #industrialpolicy #manufacturing. 天下大乱，形势大好。
@JECDems @Policy_Dialogue @CAPeconomy @rooseveltinst. #econsky #china #trade #industrialpolicy #manufacturing. 天下大乱，形势大好。
Delinking or adding more links? This is largely Chinese firms producing or exporting through third countries. Chinese FDI to Mexico is up 300% since 2018. Chinese exports of manufacturing equipment and inputs to Mexico are up as much as 900%, depending on the commodity.
January 20, 2026 at 5:47 PM
Delinking or adding more links? This is largely Chinese firms producing or exporting through third countries. Chinese FDI to Mexico is up 300% since 2018. Chinese exports of manufacturing equipment and inputs to Mexico are up as much as 900%, depending on the commodity.
Reposted by Adam S. Hersh, Ph.D.
...Speaker Johnson, Leader Thune, and the rest of the MAGA-led Congress could stop this anytime. But they won’t because they only care about keeping their own positions of power by staying in Trump’s good graces. They don’t care about what is happening to us or the rest of the world. /END
January 20, 2026 at 8:59 AM
...Speaker Johnson, Leader Thune, and the rest of the MAGA-led Congress could stop this anytime. But they won’t because they only care about keeping their own positions of power by staying in Trump’s good graces. They don’t care about what is happening to us or the rest of the world. /END
Reposted by Adam S. Hersh, Ph.D.
... Tariffs are his favorite policy tool—not because they work for the economy, but because they work for him and his cronies, including to destroy an 80-year strategic alliance with Europe, the backbone of the global security and economic order...
January 20, 2026 at 8:59 AM
... Tariffs are his favorite policy tool—not because they work for the economy, but because they work for him and his cronies, including to destroy an 80-year strategic alliance with Europe, the backbone of the global security and economic order...
Reposted by Adam S. Hersh, Ph.D.
...We’re all waiting to hear from SCOTUS about the IEEPA tariffs, but whatever they decide this will not be the end of Trump’s disastrous approach to trade and manufacturing. He will invoke other authorities to impose the same tariffs and more. The administration has already promised this...
January 20, 2026 at 8:59 AM
...We’re all waiting to hear from SCOTUS about the IEEPA tariffs, but whatever they decide this will not be the end of Trump’s disastrous approach to trade and manufacturing. He will invoke other authorities to impose the same tariffs and more. The administration has already promised this...
Reposted by Adam S. Hersh, Ph.D.
...Tariffs are 💯 a legitimate policy tool if used correctly: targeted, limited, and combined with smart investments in human, technology, and physical capital to support critical industries, promote enviro and labor standards, and fight illegal trade practices. Trump is doing none of these things...
January 20, 2026 at 8:59 AM
...Tariffs are 💯 a legitimate policy tool if used correctly: targeted, limited, and combined with smart investments in human, technology, and physical capital to support critical industries, promote enviro and labor standards, and fight illegal trade practices. Trump is doing none of these things...
Reposted by Adam S. Hersh, Ph.D.
...Consumer prices kept going up, up, up—2.6% yoy—but prices of imported goods remained flat. Again, no, foreigners DID NOT pay for Trump’s tariffs. Your family and your employers paid the price...
January 20, 2026 at 8:59 AM
...Consumer prices kept going up, up, up—2.6% yoy—but prices of imported goods remained flat. Again, no, foreigners DID NOT pay for Trump’s tariffs. Your family and your employers paid the price...
Reposted by Adam S. Hersh, Ph.D.
...Even if—and that's a big IF—the policy manages to bring home manufacturing jobs, Trump’s attacks on unions and workers mean they won’t be good jobs of the past. What’s the point of reindustrializing if those workers are going to earn minimum wage with no benefits?...
January 20, 2026 at 8:59 AM
...Even if—and that's a big IF—the policy manages to bring home manufacturing jobs, Trump’s attacks on unions and workers mean they won’t be good jobs of the past. What’s the point of reindustrializing if those workers are going to earn minimum wage with no benefits?...
Reposted by Adam S. Hersh, Ph.D.
...We lost 63k manufacturing jobs. Investment building manufacturing facilities was down 5%. Manufacturing output basically flat-lined. Surveys of the expectations for future manufacturing activity registered the worst outlook on record...
January 20, 2026 at 8:59 AM
...We lost 63k manufacturing jobs. Investment building manufacturing facilities was down 5%. Manufacturing output basically flat-lined. Surveys of the expectations for future manufacturing activity registered the worst outlook on record...
Reposted by Adam S. Hersh, Ph.D.
...Imports were up $220b while the trade deficit worsened by $120b. And this happened while the US$ fell 6% in value, which *should* shrink imports. Yes, we collected some tariff revenues, of which US businesses and households—not foreigners—paid 94%… www.kielinstitut.de/publications...
America’s Own Goal: Who Pays the Tariffs? - Kiel Institute
www.kielinstitut.de
January 20, 2026 at 8:59 AM
...Imports were up $220b while the trade deficit worsened by $120b. And this happened while the US$ fell 6% in value, which *should* shrink imports. Yes, we collected some tariff revenues, of which US businesses and households—not foreigners—paid 94%… www.kielinstitut.de/publications...
...Speaker Johnson, Leader Thune, and the rest of the MAGA-led Congress could stop this anytime. But they won’t because they only care about keeping their own positions of power by staying in Trump’s good graces. They don’t care about what is happening to us or the rest of the world. /END
January 20, 2026 at 8:59 AM
...Speaker Johnson, Leader Thune, and the rest of the MAGA-led Congress could stop this anytime. But they won’t because they only care about keeping their own positions of power by staying in Trump’s good graces. They don’t care about what is happening to us or the rest of the world. /END
... Tariffs are his favorite policy tool—not because they work for the economy, but because they work for him and his cronies, including to destroy an 80-year strategic alliance with Europe, the backbone of the global security and economic order...
January 20, 2026 at 8:59 AM
... Tariffs are his favorite policy tool—not because they work for the economy, but because they work for him and his cronies, including to destroy an 80-year strategic alliance with Europe, the backbone of the global security and economic order...
...We’re all waiting to hear from SCOTUS about the IEEPA tariffs, but whatever they decide this will not be the end of Trump’s disastrous approach to trade and manufacturing. He will invoke other authorities to impose the same tariffs and more. The administration has already promised this...
January 20, 2026 at 8:59 AM
...We’re all waiting to hear from SCOTUS about the IEEPA tariffs, but whatever they decide this will not be the end of Trump’s disastrous approach to trade and manufacturing. He will invoke other authorities to impose the same tariffs and more. The administration has already promised this...