The Ins and Outs of Trade With Canada

Since trade with Canada tops everyone but China, we should take a look at what they send to us, what we receive, and why we have a trade surplus with them.

How a Ketchup Tariff Spreads

Seemingly small at 10%, Canada’s retaliatory ketchup tariff represents a lot more than a lift for a bland burger and salty fries.

The Fruits (and Vegetables) of Free Trade

With the TPP ready for the U.S. Congress’s debate on the free trade deal, we can remember NAFTA, comparative advantage and the fruits of free trade.

How Cheese and Salmon Tell the Russian Embargo Story

Shifting from the EU to Russia and the Faeroes, Russia’s embargo trade barriers changed export and import winners and losers for cheese and salmon.

Weekly Roundup: From Robot Servers to Shrimp Farmers

Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.

Weekly Roundup: From Slicing Bread to Saving Honeybees

Our everyday economics includes behavioral economics, commitment devices, environment, supply, regulation, free trade, gender issues and the minimum wage.

What the Big Mac Says About the Trans-Pacific Partnership

While opponents of the TPP free trade deal cite currency manipulation, cheaper exports from countries with cheaper currencies save money for U.S. buyers.

B(T)FF… Best Trading Friends Forever

We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the value of her imports from the US (2013: $370,746,056) is exceeded by none of her other…

Purchasing Power

The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we…