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This tariff court case could rein in the rampant Trump presidency washingtonpost.com/opinions/2025/…

solar power generation is the fastest growing in the history of electricity (us policy notwithstanding)

Chinese export growth cannot outperform global trade unless another region of the global economy under-performs ... Europe clearly has been losing out

In other trade news today, Trump issued a new IEEPA E.O. fully ending the de minimis exemption globally, not just for China and Hong Kong.

And the Copper 232 is out. Multiple actions to boost US production: (a) 50% tariff on high copper content products (pipe, wire etc.); (b) limits on the export of high-quality scrap (for recycling); and requiring that a growing share of US ore be processed domestically.

Good blog. European politicians have focused on Trump, but the bloc is actually fighting a two-front trade war. Unlike Trump’s tariffs, which will shave off some EU GDP, China’s distortions are already macroeconomically significant—contributing to Germany’s 5% GDP loss. 1/

When is a deal actually a deal? US v EU summary of trade “deal”. Courtesy of Jacob Jensen American Action Forum

I'll wait for a fact sheet or statement before offering broader comments on the Korea deal, but I am interested in the $150 billion US shipbuilding commitment. This has the potential--if we can actually execute it--to be a big win for the US industrial base.

I guess it worked out OK for Figma after Adobe had to abandon its acquisition in late 2023, given that Adobe’s stock is now 30% lower and Figma just IPOed with a market cap of 3x what Adobe planned to pay.

As of August 1: Average US tariffs on China: 54.9% Average Chinese tariffs on US: 32.6% Average US tariffs on the rest of the world: 14.5% Average Chinese tariffs on the rest of the world: 6.5% Details, data, & methodology: piie.com/research/piie-…

Remarkable to see how quickly and thoroughly China has imposed its own "military end user" controls on critical mineral sales to the US military. Really hope we can get alternative supply chains stood up in the coming months. wsj.com/world/asia/chi…

A deep-dive on Trump and Congress’s termination of the de minimis exemption for sub-$800 packages shipped to the US: 1. The US first established a de minimis exemption from customs duties in 1938, at $1. The rationale was that the government shouldn’t spend more