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Excellent article on China’s auto market and makers.

Flood Memorial #TexasFloods #TexasFlood

“You will never be disappointed with the United States” is about the worst possible sign off for a letter announcing that the United States has just slapped a tariff on your country.

So the question now is: will these illegal exports from China be tariffed with a transshipment tariff? Asking for a friend 😀

1/ New paper: Democracies only grow faster than autocracies because of personalist leaders. Bad things mainly happen in overcentralized, unchecked regimes. New from me, Scott Gehlbach & arthur_zeyang_yu, The Personalist Penalty: osf.io/preprints/soca…

A Vance Doctrine in the making? 'Restrainers' propose slashing US troop numbers in South Korea, Okinawa asia.nikkei.com/Politics/Inter… via Nikkei Asia

Award-winning data scientist She Yiyuan takes job in China after decades in US scmp.com/news/china/sci…

Pada 2024, INA menarik penanaman modal asing langsung (foreign direct investment/FDI) sebesar Rp13,8 triliun atau setara dengan 2,5 kali lipat dari investasi ekuitas INA pada periode yang sama. m.antaranews.com/berita/4956433…

On Independence Day, 1946, a future president offered a timeless reminder of what binds Americans together. ow.ly/bpm630sNWoN

No tariff on Norway if they choose the right five academics for the Nobel peace prize. And, actually, negative tariffs if they take away the one they gave to Obama.

This has been happening nonstop in Gaza for 643 days. It’s beyond devastating—this must stop now.

Important paper that argues the U.S. capability to produce financial assets is at the core of the trade deficit. The implication of wanting to reduce the accumulation of foreign liabilities is either a sharp depreciation or a major drop in asset prices. piie.com/publications/w…

An excellent overview of the cyclical and structural challenges of China's economy. By colleagues from East Asian Institute (EAI), China Finance 40 Forum (CF40) and Peking's National School for Development China’s Economic Trajectory: Unpacking Macroeconomic Trends and Structural Reforms research.nus.edu.sg/eai/wp-content…

Volkswagen to shut joint China plant with SAIC Motor s.nikkei.com/4ky6J0e

"How to dismantle a reserve currency."

Thinking today of the men and women of the State Department — Foreign Service and Civil Service. Their dedication to serving the national interest and the American people is second to none. It was the privilege of a lifetime to work by their side.

“ I hope that when that new generation of leaders emerges, we as a community will have equipped them with a framework and a set of recommendations to support their efforts.” Talking It Out w/ Ryan Hass uscnpm.substack.com/p/talking-it-o…

We are living in the dumbest timeline humanly possible.

So can #ASML now start selling EUV machines to China again? Asking for a friend 😀

Given that the trade “deals” Mr. Trump is making are not a formal trade agreement, let alone a free trade agreement, WTO Most Favored Nation rule would require Indonesia and Vietnam to grant zero tariff to ALL countries.