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Scott Lincicome Profile picture
Scott Lincicome
@scottlincicome
@CatoInstitute Vice President (Econ/Trade), @DukeLaw adjunct, @TheDispatch newsletter-er. CH❤️RTS. You didn't read the article, did you? Go @Rangers.
6 subscribers
Aug 28 • 4 tweets • 2 min read
Thanks to tariffs (esp re: Canada), US aluminium prices are now roughly 50% higher than in Europe & Japan, thus putting US manufacturers at a competitive disadvantage.

Heckuva industrial strategy. Image P.s. "Just buy American" lol Image
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Aug 22 • 14 tweets • 3 min read
A terrible decision bad for almost everyone. Six quick reasons why:
1. Bad for Intel's long-term viability, as politics, not commercial considerations, increasingly drive its decisions. (SOEs are notoriously slow, bloated, & unproductive.) Foreign govts might also target it. 2. Bad for Intel’s competitors who are suddenly competing against it AND Uncle Sam for customers, capital, etc. (and not just chip production bc they do a lot of other stuff).
Apr 30 • 4 tweets • 1 min read
Now do this for clothing, shoes, food, appliances, consumer electronics, energy, construction materials, etc etc, and you start to see the problem. Forced scarcity is not a pathway to prosperity. Breaking, I know.
Feb 2 • 7 tweets • 3 min read
Quick thread (🧵) with 5 things we've learned in the last 18 hours (sometimes for the bazillionth time):

1) Foreign govts will retaliate (often in creative ways to minimize their pain & maximize US/political pain) 2) As Trump has now implicitly & explicitly acknowledged, Americans will, in fact, pay a TBD amnt of the tariffs (& higher US prices) and face "pain" from the tariffs/retaliation: Image
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Feb 1 • 9 tweets • 3 min read
Quick thread (🧵) on some of the American industries/workers/consumers that'd suffer from any broad Canada/Mexico tariffs imposed today:

Let's start with automotive (both vehicles and parts): 1/ Then, ofc, there's oil & gas and refining (and US gasoline/diesel prices, esp in the midwest and mtn west) 2/
Nov 25, 2024 • 6 tweets • 3 min read
Enjoy your fruit & vegetable tax, everyone. Image Image
Nov 16, 2024 • 4 tweets • 2 min read
"@business’ model of Trump’s proposed tariffs expects that other countries will offset most of their lost trade with the US simply by trading more with each other. That points to the possibility that globalization could keep on humming — just without the US at its center." Image
Image Link: bloomberg.com/news/articles/…
Oct 15, 2024 • 5 tweets • 2 min read
That MB factory--
- Is in Alabama, not SC (that's BMW)
- Employs 6300 Americans & indirectly supports 10k other US jobs in the region
- Invested more than $6B in the US economy (so far)
- Produced 4M vehicles in the US since 1997
- Buys from almost 200 US-based suppliers Source: mbusi.com/factoryImage
Aug 15, 2024 • 7 tweets • 2 min read
Per NYU's latest (Jan 2024) survey of US firms, the American grocery industry (aka "Retail (Grocery and Food)") had a 1.18% net profit margin last year. link:

Now, granted, industry giant Kroger's net margin was MUCH higher last quarter: 1.43% ()pages.stern.nyu.edu/~adamodar/New_…
macrotrends.net/stocks/charts/…
Sep 13, 2023 • 11 tweets • 6 min read
🚨NEW TODAY🚨 @CatoInstitute has launched a multi-year, multimedia project: Defending Globalization.


Here's what we're releasing today & have planned in the weeks ahead. 🧵 /1 cato.org/defending-glob…
Image We've recently seen renewed attacks on freer movement of things, people, capital, & ideas across national borders (aka "globalization"). But critics' arguments often err on facts & fundamentals, & ignore that global capitalism has been undeniably positive for the US & world /2
Jun 17, 2023 • 4 tweets • 1 min read
One of the biggest things abt parenting that nobody prepares you for is that every remote control in your house will always be sticky. Just 18 straight years of sticky. Not great, tbh. Oh and if you clean them, they'll be sticky again by morning. It's like Santa, but for stickiness.
Jun 17, 2023 • 7 tweets • 3 min read
The "race to the bottom" is nonsense. A quick thread of some of the evidence (more to come later this year):
politico.com/newsletters/po… Image Labor:
Jun 15, 2023 • 4 tweets • 2 min read
Rosie at @DurhamBulls bark in the park. It's on. Image Image
Jun 15, 2023 • 5 tweets • 2 min read
Reminder: "Countries with Higher Tariffs Have Larger Trade Deficits" piie.com/research/piie-… via @PIIE Image See also:
Jun 14, 2023 • 4 tweets • 1 min read
"The 1,924-mile...interstate runs from Miami to the Maine-Canada border. It’s part of a critical long-distance trucking and commuting route... Those trucks will now be subject to a 40-mile-long detour along mostly non-interstate roads that include more than 60 traffic lights" ☹️ FWIW, it seems Secretary Pete is exaggerating the impact here. BUT STILL... I do enjoy seeing a Jones Act supporter acknowledge that blocking US freight routes increases prices for American consumers. Image
Jun 6, 2023 • 4 tweets • 2 min read
You guys will never believe what happens when localities build more housing:

wsj.com/articles/sunbe…Image It's almost as if..... Image
Apr 6, 2023 • 4 tweets • 1 min read
cmon, man. Image oh hey look it's 60 pages of instinct and tribalism cato.org/white-paper/qu…
Mar 25, 2023 • 4 tweets • 1 min read
OH REALLY: "Baby formula 'getting harder' to find as supply dwindles, pharmacy owner warns" foxbusiness.com/lifestyle/baby… Coincidence, I'm sure!
Mar 23, 2023 • 4 tweets • 3 min read
🚨Fewer than 12 hrs left in Round 4 of @CatoInstitute’s #ProtectionistMadness tourney, and 3 of the 4 matchups remain tossups.

In fact, 4-seed apparel protectionism just surged into the lead over 2-seed Foreign Dredge Act.

Will it last?!? Vote here: cato.org/protectionist-… 👀
Mar 23, 2023 • 4 tweets • 2 min read
OH REALLY: "Enfamil’s price increases follow the expiration of the U.S. government’s suspension of infant formula tariffs in January, which opened the door for formula (both foreign and U.S.-produced) to become more expensive." forbes.com/sites/conormur… Could THIS be the momentum that Cinderella 4-seed Baby Formula Restrictions needs to pull off a massive upset in #ProtectionistMadness Round 4? Cast your votes now: cato.org/2023-protectio… Image
Mar 7, 2023 • 4 tweets • 3 min read
Unreal: The people in charge of changing the federal policies that everyone now agrees are crippling the US baby formula market are exploring everything EXCEPT reforming those policies. They just can't seem to figure out what to do, you guys! bloomberg.com/news/articles/… ImageImage In fact, our new @CatoInstitute @CatoTrade paper tells them EXACTLY what to do to reform the policies that everyone now agrees are causing the US baby formula problem: cato.org/briefing-paper… /2 ImageImage