What’s wrong with cheap Chinese imports? Krugman

RE: Ajabaja, inte vara protektionist.

USA chockhöjer tullarna på kinesiska elbilar, och EU väntas följa efter. 

I Europa är hotet från de kinesiska elbilstillverkarna också betydligt mer påtagligt än i USA. De senaste åren har flera kinesiska bolag etablerat sig här med namn som BYD, Xpeng, MG, Zeekr och Nio.

På flera håll är oron betydande för att delar av den stora europeiska bilindustrin ska slås ut om marknaden överflödas av billiga kinesiska elbilar.

SvD 14 maj 2024

https://www.svd.se/a/kwJyBX/joe-bidens-kina-straff-tull-pa-elbilar-okar-med-100-procent

Donald Trump is an old-fashioned protectionist

But President Biden is by no means a free-trade purist. 

His signature legislative achievement, the Inflation Reduction Act — which is actually mainly about fighting climate change — contains several nationalistic provisions designed to limit subsidies primarily to manufactured goods produced in North America. 

And the Biden administration is now imposing tariffs as high as 100 percent on Chinese exports of electric vehicles and taxes on other imported goods, including semiconductors and batteries.

China’s exports of manufactured goods to the United States surged beginning in the 1990s. I think it’s fair to say that most economists, myself included, weren’t initially too worried by this development.

 Cheap imports may make a nation as a whole richer, but they can also hurt significant numbers of workers.

Paul Krugman New York Times  14 May 2024

https://www.nytimes.com/2024/05/14/opinion/china-imports-tariffs-biden.html

Krugman belönades 2008 med Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne.

Krugman är  själv i grunden positivt inställd till frihandel, men 

menar samtidigt att dess fördelar ibland överdrivs och att enskilda aktörer kan förlora på frihandel.

https://sv.wikipedia.org/wiki/Paul_Krugman

RE: Det har vi väl alltid vetat. 

Free trade helps many people a little. 

Protectioism helps a few people a lot 

The doctrine of free trade was the product of a radical revolt, headquartered in Britain, 

... against the old regime of landed aristocrats (who owned most of the land), mercantilist companies (who controlled most of the trade), and self-interested politicians. 

The Free Traders’ seminal achievement was the abolition of the Corn Laws in 1846

https://englundmacro.blogspot.com/2024/05/borsen-10-maja-2024.html