Benjamin Studebaker

Yet Another Attempt to Make the World a Better Place by Writing Things

Tag: Trade

How Trump’s Tariff Game Might Play Out

President Trump has already proposed $50 billion in tariffs on China and now wants to seek an additional $100 billion. I’ve noticed that people don’t seem to have much of a sense of scale with tariffs. It’s understandable–tariffs haven’t been a central issue in American politics for a while. We’ve forgotten how to talk about tariff policy and now we’re being made to re-learn. So, without further ado, let’s talk tariffs.

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3 Brexit Futures: Stories from Next Year

In Spring 2019, the UK is meant to leave the EU. Prime Minister Theresa May soldiers on, but many think she can’t get the job done. Former Prime Ministers John Major and Tony Blair gave ruthless speeches again May, and EU’s lead Brexit negotiator accused May of being “vague” and “not credible”. Major–a member of May’s own party–was especially vicious:

It all has me thinking about what comes next. How might these Brexit negotiations conclude? Three possibilities stick out to me.

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Arguments Against Minimum Wage Increases are Weaker Than Many People Think

Today I’d like to talk about the recent University of Washington study on the effects of the minimum wage increase in Seattle.  The study claims to show that the increase in the wage from $11 an hour to $13 resulted in lower wages and job losses for workers at the bottom of the wage distribution. But this study–and the arguments surrounding it–kinda miss the point.

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Tom Perez Was the Wrong Choice for DNC Chair

Former Labor Secretary Tom Perez has defeated Keith Ellison to become the new chairman of the DNC. It took two rounds of voting, with Perez eventually prevailing, 235-200. This is a deeply concerning development–Perez has a long history of taking positions which accommodate and contribute to declining living standards for poor and working Americans. He does support minimum wage increases, but a closer look reveals an untrustworthy record.

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Corbyn’s Brexit Long Game

Initially I found British Labour Party leader Jeremy Corbyn’s Brexit strategy bizarre. He campaigned to remain in the EU, but not very hard. Then after leave won, he decided to have the Labour Party support the government’s decision to invoke Article 50, using a three line whip to punish Labour MPs who defied him. Two-thirds of Labour voters opposed Article 50–why was Corbyn so intent on preventing Labour MPs from voting their consciences, from voting the way their own supporters wanted them to vote? Why would Corbyn alienate so many party supporters and young activists who had opposed Brexit? Why wouldn’t he take this opportunity to place his party firmly in the remain camp, so that if and when the government’s Brexit plan fared poorly, Labour would be in position to say “I told you so” and reap electoral gains? Is Corbyn a fool after all, or is there some strategy to this that I was missing? I think I have this figured out–Corbyn does have a plan, but it’s not the sort of plan most people expect or want him to have.

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