A China Trade Deal Update

Tariffs and trade deals can have unintended consequences. The Trump tariff war was not supposed to send jobs to China. However, Tesla responded in 2018 to China’s 25% retaliatory tariff on U.S. autos with a quickly completed plant in Shanghai.…

Six Facts That We Need To Know About Tariffs

For a brief summary of all you need to know about the impact of tariffs, these six facts range from 19th century theory to recent trade disputes.

Econlife Quiz: Do You Know Your Baseball Economics

With the baseball season soon to start, the econlife team is looking at the money, the players, and even the music in our latest quiz.

Using Pizza to Understand the Trade Deficit

We can look at pizza take-out to see why a trade deficit involves much more than spending more on the imports you buy than the exports you sell.

How China Protects its Chickens

Because Chinese chicken tariffs on U.S. chicken paws violate the rules of the World Trade Organization, the U.S. has taken them to an international “court.”

On The Street Where You Live

While economic development can be measured through a history of GDP data, the real yardstick is the history of one street.

One Reason That We Have Nutella

Inside a jar of Nutella you might have a little bit of the Ivory Coast, Turkey, Malaysia, the EU and the US. Processed in the EU, Turkey, Russia, Australia, North or South America, the cocoa and hazelnut spread is then…

A Tale of Two T-Shirts

What if the cost of producing a woman’s polo shirt is $29.57? Its manufacturers would sell it to retailers for $65.00 who then mark it up to a $155.00 selling price. According to the Wall Street Journal, the land, labor and…

Pleasing Ricardo

During the 1990s, ignoring the protests of horrified Italian cheesemakers, the US placed a tariff on Pecorino cheese. The reason was bananas. Favoring their former colonies, the EU taxed bananas coming from all other Latin American countries that were grown…