Posts Tagged ‘tariffs’

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    Doha Deadlock

    Apr 30, 11 • 111 Views • Demand, Supply, and Markets, Developing Economies, Economic History, International Trade and FinanceNo Comments

    Can you convince a Lubbock, Texas cotton farmer (or his Congressman) to forgo his (maybe $150,000) cotton subsidy? Probably not. After all, these U.S. government payments let him profitably compete in world markets. Correspondingly, would China say yes to a...

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    Free Trade

    Nov 12, 10 • 117 Views • Developing Economies, International Trade and FinanceNo Comments

    KORUS has been in the news. The Korea-U.S. Free Trade Agreement, negotiated in 2007 but not ratified by Congress, was in trouble. One reason was Ford. With a 1% share of the South Korean car market, U.S. automakers want more. One of the bigger sellers of Ford...

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    Cotton and Crocodiles

    Nov 9, 10 • 100 Views • Businesses, Demand, Supply, and Markets, Developing Economies, Financial Markets, Government, Innovation, International Trade and FinanceNo Comments

    A Malaysian proverb tells us, “Don’t think there are no crocodiles because the water is calm.” Looking at cotton markets, perhaps we should remember the crocodiles. According to The Wall Street Journal, cotton prices are soaring. Speaking as...

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    A Sweet Free Trade Zone

    Jun 1, 10 • 89 Views • Government, International Trade and FinanceNo Comments

    Economically speaking, Tootsie Rolls are special. In 2009, U.S. sugar beet prices (at 27.2 cents/lb.) were more than double the world price of cane sugar (13.8 cents/lb.)  Consequently, almost anything with sugar in it is more expensive. According to the...