Tweet

Scott Lincicome

30 Oct, 7 tweets, 2 min read

https://twitter.com/ChadBown/status/1454517111477391362

Whether this is an improvement will depend on the duty-free quantities. If low, it's just replacing one type of restriction w another, more administratively burdensome one. That the USW "applauded" the deal doesn't give me much optimism.

https://twitter.com/ChadBown/status/1454517111477391362

(P.s. Unless the quantities are high, the EU totally caved.)

P.p.s. I actually have experience working w the other 232 TRQs that the Trump admin put in place for certain countries. They are insanely complicated & onerous.

In other words, an very merry early Christmas to my fmr trade lawyer colleagues.

Might as well buy that Porsche you were eyeing (Assuming the supply chain mess lets you.)

https://twitter.com/scottlincicome/status/1454446574227034123?t=8LqD8IWkc6wxmjwednghdg&s=19

P.p.p.s. Since the 232 measures technically still apply to the EU, I guess that means the Biden admin agrees w the Trump admin that the EU is a national security threat, huh?

https://twitter.com/scottlincicome/status/1454531135753625616?t=I2Cg2aA7pj9jAqI_5ESjpg&s=19

• • •

Missing some Tweet in this thread? You can try to force a refresh

This Thread may be Removed Anytime!

Twitter may remove this content at anytime! Save it as PDF for later use!

More from @scottlincicome

Scott Lincicome

@scottlincicome

31 Oct

The NextDoor NIMBYs are now worrying that shadowy out-of-state corporations are buying up all the houses around here so that they can... change local zoning laws and build large, multifamily buildings near their original investments?

Me, every time I read this stuff

p.s. yes, someone did bring up Bill Gates in the thread (buying land, not vax-chipping us)

Read 4 tweets

Scott Lincicome

@scottlincicome

30 Oct

What kind of snake is this, Twitter? Brown snake?

@JonahDispatch

Update: it is very dangerous. We have therefore captured it and are in the process of mailing it to @JonahDispatch and/or @MrJoshPerry

Just kidding, you guys. The 8YO has named him Bob and is looking for dead bugs (and/or live pundits) to feed him.

Read 6 tweets

Scott Lincicome

@scottlincicome

20 Oct

Classic example of why protectionists often win the political debate: a single Indiana steel mill closure in 2017 gets a book & NPR feature, while everyone ignores the broader trends in Indiana's economy & manufacturing sector npr.org/2021/10/20/104…

They also ignore the flipside of imports/offshoring - all the foreign investment in Indiana, including (especially) in manufacturing

I guess there's no market for a book abt this (or my awesome, Indiana-made Subaru - which def benefited from lower, pre-tariff steel prices, btw) ibj.com/articles/globa…

Read 4 tweets

Scott Lincicome

@scottlincicome

16 Oct

"Lazy crane operators making $250,000 a year exacerbating port crisis, truckers say" news.yahoo.com/lazy-crane-ope…
"one terminal in Long Beach has started using automated cranes, and truckers rejoice when they are summoned to pick up cargo there. It is efficient and quick." 🤔

Reminder: "the unions have for years fought efforts to automate ports on both the West and East coasts—just as they fought containerized shipping and computers decades before that."

cato.org/commentary/ame…

Another reminder: the truckers (Teamsters, at least) aren't exactly blameless in all this too, having opposed NAFTA trucking liberalization (and thus limiting US capacity) for decades...

https://twitter.com/scottlincicome/status/1448998596611919874?t=yzkttLVOVynjPX_o_RrbBw&s=19

Read 5 tweets

Scott Lincicome

@scottlincicome

15 Oct

Very much enjoying the galaxy brain take that the obvious solution to temporary, supply chain-induced shortages and price-hikes is to embrace autarky and make them permanent.