Posts Tagged ‘World Trade Organization (WTO)’

  • Everyday economics and the tire tariff had a visible benefit and a much greater invisible cost.

    The Inflated Cost of Car Tires

    Jul 25, 14 • 943 Views • No Comments

    Because the benefits of the tire tariff are concentrated while its cost is diffuse and invisible, government tend to create this type of regulation......  [read more]

  • A washing machine's price affected by WTO trade disputes.

    A Trade Dispute About My Washing Machine

    May 29, 14 • 770 Views • No Comments

    I suspect that my new LG washing machine was more expensive than it should have been. Made by a South Korean firm, this washing machine (and others like it) was the target of a complaint that Whirlpool filed with the US Department of Commerce at the end of......  [read more]

  • Cotton Subsidies and Trade Barriers

    The Cotton Wars

    Feb 7, 14 • 873 Views • No Comments

    The Brazilian cotton saga continues…or maybe it has ended. Our story starts with the $150 million a year that the US had been giving to Brazilian cotton growers. We were sending close to $12 million a month because Brazilian farmers protested that the......  [read more]

  • foreign investment, world, 16467_11.12_000007395743XSmall

    International Trade: The Story of a Subsidy

    May 11, 13 • 651 Views • No Comments

    Oddly, some US farm subsidies go to Brazil. Imagine a safety net when you think of a subsidy. If prices are too low, then growers get money from the federal government. During the 1930s Great Depression, the goal of subsidies was to sustain a farmer’s......  [read more]

  • US Chicken Paw Exports to China

    Playing Chicken With China?

    Sep 19, 12 • 494 Views • No Comments

    Yesterday’s headlines about the US taking China to the World Trade Organization (WTO) for unfair auto and auto parts subsidies took me to chicken feet and The Economist’s Sinodependency Index. Knowing the major firms that depend on China for......  [read more]