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🇺🇸THREAD🇫🇷
Economic responses to the #COVID19 crisis varied widely. In their latest research, @pisaniferry & @cohensetton look at French & US responses & find that the US response was 💰more expensive💰 but 📉less effective📉 than the French approach.
We explain... (1/11)
Economic responses to the #COVID19 crisis varied widely. In their latest research, @pisaniferry & @cohensetton look at French & US responses & find that the US response was 💰more expensive💰 but 📉less effective📉 than the French approach.
We explain... (1/11)
Taking all policy responses into account, the size of the US fiscal package to support households is nearly twice as large as the French package, as proportion of each country's GDP:
🇺🇸: 6.3% of GDP
🇫🇷: 3.4% of GDP
(2/11)
🇺🇸: 6.3% of GDP
🇫🇷: 3.4% of GDP
(2/11)
The American job retention schemes are about 50% more expensive than the French counterpart, chômage partiel. The difference is explained by the differences in efficiency of the schemes, not the actual magnitude of relief provided. (3/11)
THREAD: Today is #WorldIPDay. The trade conflict with China has shed light on the importance of intellectual property to economic growth, national security, and more. Here are some of our related pieces for #WorldIPDay2019 @WIPO: (1/6)
President Trump’s revised tariffs from the summer of 2018 to protect US technology and intellectual property would mostly miss Chinese companies & instead hit non-Chinese multinational corporations operating in China. By @melovely_max #PIIECharts (2/6)
piie.com/research/piie-…
piie.com/research/piie-…
.@melovely_max also gave testimony before @USCC_GOV about US companies in China following a @USTradeRep Section 301 report providing evidence of multiple forms of intellectual property appropriation by the Chinese. (3/6) piie.com/commentary/tes…
THREAD: The WTO found that China's grain policies are a violation of WTO rules....so why is the US attacking the dispute system as unfair? (1/13)
Some background: @USTradeRep today said...
1) China's agricultural policies disregard WTO rules
2) the US will take all necessary steps to enforce the rules & ensure free & fair trade for U.S. farmers, ranchers, workers, & businesses. (2/13) ustr.gov/about-us/polic…
1) China's agricultural policies disregard WTO rules
2) the US will take all necessary steps to enforce the rules & ensure free & fair trade for U.S. farmers, ranchers, workers, & businesses. (2/13) ustr.gov/about-us/polic…
The WTO dispute settlement panel report agreed with the United States that China unfairly subsidized its agricultural producers in 2012, 2013, 2014, 2015, well in excess of its WTO commitments. That was the goal, right? (3/13)
