Jul 30, 2020
The U.S.-China trade war represents a natural experiment in the sense that we have not seen such wide-ranging increases in tariffs since the 1930s, when Congress passed the Smoot-Hawley Tariff Act (Bown and Zhang, 2019). Not surprisingly, applied trade economists have already conducted in-depth research on the impact of the trade war so far, the most notable being Amiti, Redding, and Weinstein (2019), Alberto Cavallo et al. (2019), and Pablo Fajgelbaum et al. (2020). This blogpost is a summary of the key results reported in these studies.
Jul 29, 2020
Analysis of the current administration’s trade policy choices has typically interpreted them in terms of a zero-sum game, i.e., rather than generating mutual benefits in a positive-sum game, international trade is a game where economically, one country is a winner while the other must be a loser (Chow and Sheldon, 2019). However, there is an alternative explanation for these actions: the administration has chosen to move from rules-based to power-based bargaining over tariffs as a means of dealing with latecomers to the World Trade Organization (WTO) (Mattoo and Staiger, 2019). The concern here is that by switching from rules-based to power-based bargaining, the United States is putting the future of the post-war trading system at risk, as well as inflicting economic costs on both itself and its trading partners.
Jul 27, 2020
It is no surprise that the COVID-19 pandemic has led Americans to eat at home more often. A group of researchers with the Ohio State Food Waste Collaborative recently surveyed 500 people from around the country to gain insight into how eating at home has translated to other changes in American kitchens and if intentions to consume the food in refrigerators have risen as a result.
Jul 21, 2020
In light of the sectors targeted by China’s retaliatory tariffs against U.S. imports, it is not surprising that agriculture was a critical component of the Phase One Trade Agreement between the U.S. and China, that went into effect on February 14, 2020. Specifically, China committed to purchasing an additional $12.5 and $19.5 billion worth of U.S. agricultural products above 2017 levels in 2020 and 2021, respectively, implying total agricultural imports of $36.5 billion in 2020 and $43.5 billion in 2021 (see Section 6-1 of the Agreement). Essentially, these commitments by China constitute a voluntary import expansion (VIE), harking back to the era of so-called “managed” trade between the U.S. and Japan in the 1980s (Bown and Keynes, 2020).
Jul 8, 2020
Dr.s Ian Sheldon and Brent Sohngen discuss the state of International Trade in the Era of COVID-19.
Jul 1, 2020
Though the COVID-19 pandemic has cut demand for many U.S. products, agricultural exports are holding up well, according to a new analysis by an agricultural economist with The Ohio State University.
Jun 23, 2020
Drs. Zoë Plakias and Brent Sohngen discuss the myriad distruptions and adaptations to state and national food systems due to COVID-19.
Jun 19, 2020
There’s a bit of good news for Ohio farmers to counter the bad news caused by COVID-19, as well as by last year’s historic rain. In counties scheduled for property value updates in 2020—about half of Ohio’s 88 counties—the average value of farmland enrolled in the Current Agricultural Use Value (CAUV) program should be about 40% lower than 2017–2019, or about $665 per acre.
Jun 9, 2020
Dr. Allen Klaiber and the Graduate Studies Committee have awarded the 2019-2020 Bernie Erven Teaching Award to Katerine Ramirez Nieto. This award is presented annually to the graduate student who best exemplifies the tradition of teaching excellence that Bernie Erven achieved throughout his distinguished career as a professor in the Department of Agricultural, Environmental, and Development Economics.
Jun 4, 2020
Sarah Grossman had just finished up her honor's thesis on community concessions in Guatamala's Island of Flores/la Isla de Flores and Tikal National Park regions. Dr. Brent Sohngen shares that "her work represented an amazing effort by an incredibly gifted student to provide information that could make a difference in real people's lives."