This chart shows the results of China's mercantilist trade policy: distorted, maximilist exports levels and few imports. x.com/Brad_Setser/...
Lori Wallach
@wallachlori.bsky.social
Director @ Rethink Trade | #WTO #NAFTA #ISDS #supplychainmess 💗 trade justice 🚫 hyperglobalization, corporate-rigged trade deals, Big Tech monopolies | www.rethinktrade.org
10 Big Tech lobbyists here to defend special privileges & powers they got Trump to add to his 2020 US-Mexico-Canada Agt or USMCA - the Trump NAFTA update. Versus 2 witnesses against Big Tech’s “digital trade” attack at hearing on the 6-year USMCA review. Quite revealing… 1/
Commerce Sec. Lutnick said the Trump admin will trade away American manufacturing (steel tariffs) if Europe will gut law against Big Tech monopoly abuse. For a quick overview of EU digital regs Trump wants killed & the implications, check out my latest Rethinking Trade podcast.
Rethink Trade@rethinktrade.bsky.social · 8mo agoOUT NOW: the latest episode of Rethinking Trade: Is Trump Using Trade Talks to Gut Europe’s Digital Rules for Big Tech? youtu.be/1zPKcUfS2ho?...
Because of the govt shutdown, we don’t have the latest Fed data on manufacturing construction investment. But in the first half of 2025, it was trending down monthly same as the manufacturing indexes described in this story. Opposite of what Trump promised working class voters.
Explicitly trading away U.S. manufacturing (steel and aluminum tariffs) for Big-Tech-demanded rollbacks of European anti-monopoly and other digital safeguards is pretty much the opposite of what Trump promised working class voters in PA, WI, MI, etc. 😡
Thank you @rokhanna.bsky.social for raising awareness about Trump’s lopsided America Last China “trade deal.” Yes to a Manhattan Project on rare earths. The minerals are not so rare as far as where they are located, but they require intense processing. We must improve/stand up that capacity.
Please share your theory: Why did Trump announce beef 🥩and tomato🍅tariff cuts when 99% of US🍅imports and 42% of🥩are from Mexico or Canada and ALREADY DUTY FREE under USMCA? Argentine beef is another 25% import share and ALREADY HAD TARIFFS CUT. So why cut PHANTOM TARIFFS? 1/
Larry Summers — not just wrong and immoral on economics and trade…
And POTUS again shreds his lawyer's key claim in SupCrt tariff case: Trump SolGen Sauer 11/5 - "These are regulatory tariffs. They are not revenue-raising tariffs.... The tariffs would be most effective, so to speak, if no -- no -- no person ever paid them." Trump 11/9👇
The Supreme Court heard oral arguments in the cases challenging Pres Trump's broad tariff authority. Catch up w/ highlights from the 2+ hour session & hints of where the SCrt may be headed in my thread👇This is a very consequential case. Tariff rates are the least of it!
Lori Wallach@wallachlori.bsky.social · 9mo agoGood morning - join me in getting ready for the 10 AM landmark Supreme Court oral arguments on the cases that will decide if Pres. Trump has constitutionally valid authority to impose his broadest tariffs. You can listen in live to the Court here 1/ www.supremecourt.gov/oral_argumen...
Good thread about supreme court arguments RE: Trump tariff power over reach case.
Lori Wallach@wallachlori.bsky.social · 9mo agoAnd, with that, the oral arguments WRAP. Now festivities shift to front steps of the court, where litigants will do press. My biggest takeaway: Tho oral arguments arent ispositive of where court will go, bet Trump staff will be dusting off other statutes that give a prez...
OUT NOW: What’s at Stake in Trump's Supreme Court Tariff Case by @wallachlori.bsky.social on the Economic Populist via @econliberties.bsky.social. economicpopulist.substack.com/p/whats-at-s...
What’s at Stake in Trump's Supreme Court Tariff Case
A ruling in Trump’s favor would be a more dramatic expansion of presidential power than all the previous extra grants of power the Supreme Court has given him
economicpopulist.substack.com
SCOTUS is hearing case against Trump's tariffs. Listen along! I'll offer some thoughts as we go along. bsky.app/profile/todd... www.supremecourt.gov/oral_argumen...
Live Oral Argument Audio Live Oral Argument Audio
supremecourt.gov
Todd Tucker@toddntucker.com · 9mo agoNEW from me @rooseveltinstitute.org: As the Supreme Court Hears Arguments on Trump’s “Emergency” Tariffs, Few Good Outcomes Await. This explainer goes through the 4 main options for the Court next week, each of which comes with drawbacks or hurdles. Thread🧵 rooseveltinstitute.org/publications...
Good morning - join me in getting ready for the 10 AM landmark Supreme Court oral arguments on the cases that will decide if Pres. Trump has constitutionally valid authority to impose his broadest tariffs. You can listen in live to the Court here 1/ www.supremecourt.gov/oral_argumen...
https://supremecourt.gov/oral_arguments/live.aspx
t.co
While you await results, we already have them! On this episode of Organized Money we talk about what candidates have been focused on in the elections, from affordability & electric bills to data centers. Plus @wallachlori.bsky.social discusses tomorrow's Supreme Court hearing on tariffs.
The Election And Tariffs At The Supreme Court
This week we talk election Tuesday and how odd year politics can influence future electoral politicking. And then the battle over tariffs between the Executive, Congress and the Supreme Court.
organizedmoney.fm
LIVE IN 30 MINUTES: Rethink Trade’s @wallachlori.bsky.social joins WBUR's @wbur.org to break down what’s at stake in the Supreme Court case on Trump’s tariff authority. Listen live at 7:00 am PT / 10:00 am ET: www.ctpublic.org Background memo: rethinktrade.org/article/scot...
Connecticut Public | Media for the curious | Connecticut Public
WNPR radio & WNPR News online are Connecticut's public-media source for NPR, local news/talk programs and news, arts, health, politics, education, and business
ctpublic.org
NOW: Rethink Trade's @wallachlori.bsky.social is up next:
Rethink Trade@rethinktrade.bsky.social · 9mo agoLIVE IN 30 MINUTES: Rethink Trade’s @wallachlori.bsky.social joins WBUR's @wbur.org to break down what’s at stake in the Supreme Court case on Trump’s tariff authority. Listen live at 7:00 am PT / 10:00 am ET: www.ctpublic.org Background memo: rethinktrade.org/article/scot...
Sharing my thoughts on @rushdoshi.bsky.social's take on the Trump–Xi deal here too. Rush's original thread here: x.com/RushDoshi/st...
ICYMI: Lori Wallach joined Bloomberg to break down what’s at stake in next week's SCOTUS oral arguments about Trump's tariff authorities. Read Lori's memo here: rethinktrade.org/article/scot...
Last week, former NSC China Director Rush Doshi walked us through how China's announcement of rare-earth export controls in early October was an escalating form of geopolitical leverage.
Check out my latest podcast: A Chinese rare earths/magnet cut off can derail the global economy - and affect you directly. Years of planning led to China's near-monopoly. Rare earths are not rare/lucrative, but control over processing = major geopolitical power says @rushdoshi.bsky.social 1/
I just listened to this and hoooly shit. again I do not know much here, but it seems UTTERLY BONKERS to me that the US not only allowed but directly facilitated China's near-monopoly on materials we rely on to this extent. and they 100% have the cheeto's number, too. this is not a good situation D:
Lori Wallach@wallachlori.bsky.social · 9mo agoPlease listen to @rushdoshi.bsky.social on Rethinking Trade spotifycreators-web.app.link/e/bwkOyI6yNXb
Please listen to @rushdoshi.bsky.social on Rethinking Trade spotifycreators-web.app.link/e/bwkOyI6yNXb
China’s Devastating Rare-Earths Squeeze: Rush Doshi on What It Means and What the U.S. Must Do Next by Rethinking Trade with Lori Wallach
China’s devastating new move to cut off global access to rare-earth minerals could be cataclysmic — shutting down manufacturing of core sectors across the U.S. economy.In this episode of Rethinking Tr...
spotifycreators-web.app.link
Rethink Trade@rethinktrade.bsky.social · 9mo agoChina’s move to restrict global access to rare earths and magnets could be cataclysmic — the one-year “pause” announced Sunday doesn’t remove the leverage.
On Rethinking Trade, @rushdoshi.bsky.social breaks down what this means and what the U.S. must do next. LISTEN NOW: open.spotify.com/episode/5Agy...
open.spotify.com
China’s move to restrict global access to rare earths and magnets could be cataclysmic — the one-year “pause” announced Sunday doesn’t remove the leverage.
Congratulations to Roxanne Brown, an outstandingly smart and strategic labor leader, on her election to lead the United Steelworkers union & congratulations to the whole USW membership for choosing a visionary leader and relentless fighter for working people to be your president!
Rethink Trade@rethinktrade.bsky.social · 10mo agoOUT NOW: Rethink Trade Director Lori Wallach congratulates Roxanne Brown on her election as International President of the United Steelworkers. Press release ➜ rethinktrade.org/press-releas...
Wait, isn’t there a Michael Moore film about a US president with bad approval ratings who is desperate to change the subject by vilifying 🇨🇦? Trump announced he is cutting off all trade talks over a tv ad from Canada he dislikes - really. [1 / 2]
Great thread. There’s a lot of confusion about the de minimis trade loophole being closed & related Customs rules. Especially after a story re. UPS trashing incoming packages & online misinfo that “paperwork backlogs” caused this, which is wrong. Here's what's actually going on:
Matt Stoller on X: "@dieworkwear @selise Ok, I'm back. I have been trying to actually understand your own framework so I can look at your logic as a whole. I don't see a ton of consistency. You wrote: "Certain clothes are prone to becoming commodities, such as white t-shirts, because the construction is relatively" / X
@dieworkwear @selise Ok, I'm back. I have been trying to actually understand your own framework so I can look at your logic as a whole. I don't see a ton of consistency. You wrote
x.com
Lori Wallach unpacks the issues and arguments here: rethinktrade.org/article/scot...
U.S. Supreme Court Sets Speedy Hearing on Challenge to Broad Trump Tariff Authority: Unpacking the Issues & Arguments
The U.S. Supreme Court has set a very speedy schedule to hear a case that combines several different challenges of President Trump’s authority to impose his broadest tariffs.
rethinktrade.org
⚠️ Trump is signaling he may appear for the Nov. 5 oral arguments in the SCOTUS tariff case. If the Court okays using IEEPA as a catch-all tariff authority, it would effectively thrash a core constitutional check and balance at Congress’s expense.
U.S. Supreme Court Sets Speedy Hearing on Challenge to Broad Trump Tariff Authority: Unpacking the Issues & Arguments
The U.S. Supreme Court has set a very speedy schedule to hear a case that combines several different challenges of President Trump’s authority to impose his broadest tariffs.
rethinktrade.org