Maria Persson

Oh, I see... And here I was, saying to my students just earlier today that you can't put a tariff on services trade... I guess I'll have to revisit that issue next lecture. Sigh. Teaching trade policy in 2025 is not that great unless you actually like to constantly revise your teaching materials!

And now we wait for EOs.
As a lot of people pointed out, this is not going to stop and it will be interesting to see how all the deals hold up, whether or not there will be any exemptions and how these tariffs are applied.

Never a dull moment.

European Commission seems confident:

“The United States intends to promptly ensure that the tariff rate (…) applied to originating goods of the European Union subject to Section 232 actions on pharmaceuticals, semiconductors, and lumber does not exceed 15%.”

It's not entirely clear to me whether this applies to the EU or not? Technically, it's not supposed to, but maybe you've seen signs that it will apply nevertheless?

Calling all students: You could have access to a free FT subscription without even knowing it. Check here: www.ft.com/schoolsarefree

Åh, vilken praktisk tillfällighet!

❤️

Den stora kyrkflytten – Första dagen I direktsändning följer vi den världsunika flytten av Kiruna kyrka, från gamla stadskärnan till dess nya plats, fem kilometer bort. Den stora kyrkflytten tar två dagar och är en del av den omfattande ...

If you want some slow TV over the next few days, Swedish TV is live streaming the relocation of a 113 year old wooden church in Kiruna. It's being shifted to a new site 5km away.

www.svtplay.se/video/KnDgQ9...

I would like to submit a request that there be no more trade deal press conferences until a trade deal is actually done. Thank you for your attention to this matter.

Reading about divided EU member state opinions on Trump's tariffs, I still think the essential problem is they think he wants a deal, whereas all evidence suggests he really wants tariffs. Only countries to have done deals just get a small reduction. Given this, what is the EU aim?

Tricky question, but @aleichthammer.bsky.social and @etiennehoera.d-64.social make some very good points in this piece. Well worth reading.

Gratulerar!

a graph of chances in tariff rates over time

Good morning. It is now 12:01 AM, which means tariffs on nearly all steel & aluminum have been raised to 50%. That includes an increase in the tariffs on steel & aluminum content in derivatives, plus a new tariff on derivatives' non-metal content based on country-level tariffs

It's kind of insane, though by this point entirely understandable, that Trump's threatened FIFTY PER CENT tariffs on steel from TOMORROW and everyone's like "I mean what can we do, it'll happen or it won't".

With the US already facing shortages of many essential medications, experts warn that Beijing could potentially exploit this reliance as leverage in an escalating trade war. cnn.it/4jBT2NA

thanks @robarmstrong.bsky.social

🚨 New WP! 📄 "Publish or Procreate: The Effect of Motherhood on Research Performance" (w/ @valentinatartari.bsky.social
👩‍🔬👨‍🔬 We investigate how parenthood affects scientific productivity and impact — and find that the impact is far from equal for mothers and fathers.

11/ If I were a betting man, I would guess that either the Trump administration never actually levies these 50 per cent tariffs and a deal emerges - or Trump does, Europe retaliates, and a while later a China-style rollback is negotiated where Trump gets none of what he wants.

That's my guess. 🤷‍♂️

The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, Vat Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against Americans Companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable. Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025. There is no Tariff if the product is built or manufactured in the United States. Thank you for your attention to this matter!

🚨Trump says he wants a 50% tariff on the EU starting in 9 days

Trump's Retreat Still Leaves Tariffs at 90-Year Highs China Tariffs Are Now Below "Embargo" Levels, but Overall Tariffs are at the Highest Rate Since the Great Depression

NEW from me:

Trump's 90-day pause on the China trade war still leaves tariffs at the highest level since the Great Depression—and that's before upcoming sector-specific tariffs or possible un-pausing

Trump may be easing his trade war, but he's far from ending it🧵
www.apricitas.io/p/trumps-ret...

Together with Roine Vestman and others, we're seeking a research assistant to work with household data and answer questions in macroeconomics and finance. The position is at Stockholm University and for 12 months, starting in September 2025 at the latest.

Please share: su.varbi.com/what:job/job...

Today is the international day against homophobia, biphobia, intersexphobia and transphobia #IDAHOBIT 🏳️‍🌈🏳️‍⚧️

Standing up for each other has never been more important. At the ECB we are raising the pride flag to show our support for the LGBT+ community across the world 🌎

European Citizens' Initiative Give your support !

Hey people who are EU citizens, please sign this petition to ban conversion therapy EU wide.

It's a practice that's very harmful towards LGBTQ+ people.

It's already banned in some countries but we need a EU wide ban!

eci.ec.europa.eu/043/public/#...

#europe #lgbtq #germany

The tariffs are staying...

Howard Lutnick today on UK preliminary deal: "“We started at 10% and we ended at 10%."

www.bloomberg.com/news/live-bl...

European and Asian carmakers face steep shipping costs to US on top of tariffs Trump’s new port fee policy threatens to wreak havoc on the $150bn American seaborne car import market

European and Asian carmakers face steep shipping costs to US on top of tariffs

https://www.ft.com/content/31ae831f-9742-48a4-9226-005891b26900

Simon is making an important point here:

(b)Exceptions to grant of authority The authority granted to the President by this section does not include the authority to regulate or prohibit, directly or indirectly— (1)any postal, telegraphic, telephonic, or other personal communication, which does not involve a transfer of anything of value; (2)donations, by persons subject to the jurisdiction of the United States, of articles, such as food, clothing, and medicine, intended to be used to relieve human suffering, except to the extent that the President determines that such donations (A) would seriously impair his ability to deal with any national emergency declared under section 1701 of this title, (B) are in response to coercion against the proposed recipient or donor, or (C) would endanger Armed Forces of the United States which are engaged in hostilities or are in a situation where imminent involvement in hostilities is clearly indicated by the circumstances; or [2] (3)the importation from any country, or the exportation to any country, whether commercial or otherwise, regardless of format or medium of transmission, of any information or informational materials, including but not limited to, publications, films, posters, phonograph records, photographs, microfilms, microfiche, tapes, compact disks, CD ROMs, artworks, and news wire feeds. The exports exempted from regulation or prohibition by this paragraph do not include those which are otherwise controlled for export under section 4604 [3] of this title, or under section 4605 [3] of this title to the extent that such controls promote the nonproliferation or antiterrorism policies of the United States, or with respect to which acts are prohibited by chapter 37 of title 18; or

On Trump's "movie tariffs".

Interested in the views of US lawyers.

My plain-reading is that International Economic Emergency Powers Act (IEEPA) specifically excludes messing with movies from the broad authorities it gives the President. 👇

www.law.cornell.edu/uscode/text/...

If Trump is serious about tariffs on movies, it's a very dangerous escalation. Tariffs have not traditionally been applied to services, and the United States is a massive net exporter of services. We would be extremely vulnerable to any service-based retaliation.

The Port of Los Angeles--the country's largest container port--is currently projecting a 20% decline in import containers over the next three weeks relative to last year.

This is what the beginning of a supply chain crisis looks like--hopefully we can stop it there.

I'd caution against pushing this message too hard.

Fundementally these deals are just extortion payments, and Trump sets the ransom.

If he decides he wants the optics of lots of "deals" more than he cares about the substance of what's in them, he'll have no problem signing many "deals" quickly.