Trump’s AI Action Plan seeks to spur AI development & diffusion in the US & abroad, but does little to clarify balance between reducing red tape to boost global US AI tech adoption with risk of diversion of US AI strength to Beijing. By @ChorzempaMartin:

If the courts declare the IEEPA tariffs to have no foundation in law, instead of tens of billions of $ being returned to all those who paid illegal tariffs, a few small businesses & maybe citizens of 12 states would benefit from a finding in their favor.

Trump has set up a grand contest between his Econ 101 textbook & what mainstream economists teach. Americans will soon know whether the mainstream text or the Trump version has better predicted the outcome of US trip to the yesteryear of high tariffs.

The most persistent driver of America's large trade deficit is foreign investment in the US, not other countries' trade barriers. If Trump manages to shrink the trade deficit, it will be because he drove away foreign investment & slowed US economic growth.

For Chinese firms, expanding presence abroad reflects a strategy to embed more deeply into global production networks, making it harder for any country to isolate them from supply chains, says Tianlei Huang. “For the US, this is a growing concern.”

.@arvindsubraman discussed on Policy for the Planet how India is uniquely positioned to deal with global warming internally & steps it can take to tackle climate change & provide lessons for other countries. Listen here or wherever you get podcasts:

President Trump’s tariffs are raising government revenues, but how much is the US Treasury actually collecting from US importers after the starts, stops, delays, exclusions, & other factors? And what products & countries are hit? We explore:

Official US government statistics are representative by design. Companies use official statistics to benchmark their own data—making private data only as good as public data they rely on.

ICYMI: @AdamPosen on @cnni explained Trump’s tariffs will show up as a loss of real income for businesses & consumers & the global economy is structured such that tariffs won't “reindustrialize” the US, nor address unfair trading barriers imposed on the US by foreign countries.

US population growth halved since late '23 & monthly payroll growth 'breakeven rate' to keep pace w/ labor force almost halved over the past year. Any given level of monthly payroll, consumption, or output growth reflects a stronger economy than a year ago.

From the beginning of this year through June, tariff revenue has been almost $94 billion. #PIIECharts. Read about tariff revenue, which imports & source countries are being targeted, & more, complete with interactive charts:

LISTEN: @arvindsubraman explained on Policy for the Planet how India is uniquely positioned to deal with global warming internally & discussed steps India can take to tackle climate change & provide lessons for the world. Here & wherever you get podcasts:

If you're trying to figure out what's happening with tariffs, we're tracking it all with our regularly-updated timeline. Keep it bookmarked! 👇 .

The private sector could modernize & improve official statistics—as a partner, not an alternative. But the administration must change course on resourcing, staffing, data sharing, & engagement. By @JedKolko:

Export license decisions should be determined by national security considerations & tradeoffs of US policy goals, not revenue-creating possibility, @ChorzempaMartin says, or else it creates incentive to control & extract payment over natsec concerns.

Official US government statistics are representative by design. Companies use official statistics to benchmark their own data—making private data only as good as public data they rely on.

If the courts declare the IEEPA tariffs to have no foundation in law, instead of tens of billions of $ being returned to all those who paid illegal tariffs, a few small businesses & maybe citizens of 12 states would benefit from a finding in their favor.

US population growth halved since late '23 & monthly payroll growth 'breakeven rate' to keep pace w/ labor force almost halved over the past year. Any given level of monthly payroll, consumption, or output growth reflects a stronger economy than a year ago.

RT @JedKolko: If official statistics degrade, the private sector can't save us. As the statistical agencies lose experts and resources, i….

The most persistent driver of America's large trade deficit is foreign investment in the US, not other countries' trade barriers. If Trump manages to shrink the trade deficit, it will be because he drove away foreign investment & slowed US economic growth.