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APRIL 2020: Trump administration tells 3M it cannot export PPE to Canada, threatening to cut Canada off from a key supplier of N95 masks.

AUGUST 2020: Canadian government subsidizes 3M investment at an Ontario plant.

FUTURE: US exports to Canada fall. 1/
cbc.ca/news/politics/…
Here was 3M's extraordinary press release on April 3, after the Trump administration invoked the Defense Production Act, telling 3M to no longer export N95 respirators to Canada 2/

👉🏾news.3m.com/English/3m-sto…
On April 17, 2020, the Trump administration backed off. It issued a revised rule exempting "Shipments for Which the Final Destination is Canada or Mexico."

But Trump's damage was already done. For Canada, the US was now an unreliable supplier 3/

federalregister.gov/documents/2020…
August 21, 2020

"Prime Minister Justin Trudeau joined Ontario Premier Doug Ford on Friday to announce a deal aimed at ensuring Canada is never again at the mercy of UNRELIABLE FOREIGN SUPPLIERS of personal protective equipment during a pandemic."

ENDS/
ctvnews.ca/politics/trude…
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Chad P. Bown
@ChadBown
YESTERDAY: USTR Lighthizer & China's Liu He met to discuss Trump's Phase One deal.

TODAY (NEW DATA RELEASE!!!): Through the first seven months of 2020, China’s purchases remained at less than 50% of the year-to-date targets set out in the agreement... 1/
piie.com/research/piie-…
CHINA'S PURCHASES OF FARM PRODUCTS:

Through July, China’s purchases of US agricultural products were only at 39% (US export statistics) or 46% (Chinese import statistics) of their 2020 year-to-date targets set out in the agreement...

[soybean GIF choices pretty lame. sorry] 2/
CHINA'S PURCHASES OF ENERGY PRODUCTS:

Through July, China’s purchases of US energy products were only at 24% (US export statistics) or 17% (Chinese import statistics) of their year-to-date targets set out in the agreement... 3/
Read 6 tweets
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Chad P. Bown
@ChadBown
HELP WANTED

Scientists are coming up with COVID-19 vaccines. But their efforts will be wasted unless we set up an enforceable global vaccine distribution scheme now.

But this is a trade problem we know how to solve.

My latest, with @TomBollyky 1/
foreignaffairs.com/articles/unite…
Admittedly, this is a super hard trade problem to solve.

First, COMPULSORY LICENSING is unlikely to work.

Manufacturing vaccines is high tech manufacturing, and will only be feasible in a handful of mostly rich countries.

Poor countries are going to need to IMPORT it. 2/
We need trade. Fine. So what?

Governments whose scientists discover it first are likely to engage in export bans (vaccine nationalism) to vaccinate their populations first

Eg, already during the pandemic, China, France, Germany, the EU, US and others did this to hoard PPE... 3/
Read 15 tweets
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Chad P. Bown
@ChadBown
In @ForeignAffairs, USTR Robert E. Lighthizer recently wrote that President Trump “has sought to balance the benefits of trade liberalization with policies that prioritize the dignity of work.”

I disagreed. I disagreed so strongly, I wrote down why. 1/
foreignaffairs.com/articles/unite…
Lighthizer argues Trump imposed tariffs on steel & aluminum in 2018 to dignify work of Americans who make metals.

The claim is revisionist history. And by imposing tariffs, Trump & Lighthizer chose to pit one working American against another. 2/

econofact.org/will-steel-tar…
Lighthizer legitimately identifies “market-distorting state capitalism” as a significant challenge facing the US.

But in contrast to his predecessors, Trump chose a one-pronged, unilateral approach to China.

Tariffs. With very little to show of it. 3/
piie.com/research/piie-…
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