{"id":276511,"date":"2025-05-16T06:05:41","date_gmt":"2025-05-16T06:05:41","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/05\/16\/graphs-from-changes-in-international-economics-do-we-need-to-alter-our-approach\/"},"modified":"2025-06-25T17:08:27","modified_gmt":"2025-06-25T17:08:27","slug":"graphs-from-changes-in-international-economics-do-we-need-to-alter-our-approach","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/05\/16\/graphs-from-changes-in-international-economics-do-we-need-to-alter-our-approach\/","title":{"rendered":"Graphs from \u201cChanges in International Economics:\u00a0 Do We Need to Alter Our Approach?\u201d"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-56632\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>New conditions, not new approaches. From my presentation (PDF) yesterday for <a href=\"https:\/\/econbrowser.com\/archives\/2025\/05\/changes-in-international-economics-do-we-need-to-alter-our-approach\">MCFR<\/a>:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/effectivetariffrate_12apr25.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-56601\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/effectivetariffrate_12apr25.png\" alt=\"\" width=\"605\" height=\"398\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/effectivetariffrate_12apr25.png 605w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/effectivetariffrate_12apr25-300x197.png 300w\" sizes=\"(max-width: 605px) 100vw, 605px\"\/><\/a><\/p>\n<p><em><strong>Source:<\/strong>\u00a0<a href=\"https:\/\/budgetlab.yale.edu\/research\/state-us-tariffs-may-12-2025\">Yale Budget Lab, accessed 4\/12\/2025<\/a>.<\/em><\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/UStrade_gdp.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-56636\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/UStrade_gdp.png\" alt=\"\" width=\"800\" height=\"420\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/UStrade_gdp.png 800w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/UStrade_gdp-300x158.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/UStrade_gdp-768x403.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/UStrade_gdp-624x328.png 624w\" sizes=\"(max-width: 800px) 100vw, 800px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trade_gdp_update.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-56635\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trade_gdp_update.png\" alt=\"\" width=\"993\" height=\"691\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trade_gdp_update.png 993w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trade_gdp_update-300x209.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trade_gdp_update-768x534.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trade_gdp_update-624x434.png 624w\" sizes=\"(max-width: 993px) 100vw, 993px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/capacitor.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56642\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/capacitor.png\" alt=\"\" width=\"585\" height=\"590\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/capacitor.png 585w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/capacitor-297x300.png 297w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/capacitor-150x150.png 150w\" sizes=\"auto, (max-width: 585px) 100vw, 585px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/vatradeuschina.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56641\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/vatradeuschina.png\" alt=\"\" width=\"678\" height=\"510\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/vatradeuschina.png 678w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/vatradeuschina-300x226.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/vatradeuschina-624x469.png 624w\" sizes=\"auto, (max-width: 678px) 100vw, 678px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-54550\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25.png\" alt=\"\" width=\"1053\" height=\"661\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25.png 1053w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-300x188.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-1024x643.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-768x482.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig25-624x392.png 624w\" sizes=\"auto, (max-width: 1053px) 100vw, 1053px\"\/><\/a><\/p>\n<p>Additional 60% tariffs on Chinese imported goods.<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56640\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi.png\" alt=\"\" width=\"1200\" height=\"612\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi-300x153.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi-1024x522.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi-768x392.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_gscpi-624x318.png 624w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-54549\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24.png\" alt=\"\" width=\"624\" height=\"415\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24.png 624w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/MHN_fig24-300x200.png 300w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/china_tariffs.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56639\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/china_tariffs.png\" alt=\"\" width=\"760\" height=\"558\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/china_tariffs.png 760w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/china_tariffs-300x220.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/china_tariffs-624x458.png 624w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56638\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix.png\" alt=\"\" width=\"810\" height=\"500\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix.png 810w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix-300x185.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix-768x474.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix-624x385.png 624w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/epu_long.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56615\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/epu_long.png\" alt=\"\" width=\"849\" height=\"532\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/epu_long.png 849w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/epu_long-300x188.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/epu_long-768x481.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/epu_long-624x391.png 624w\" sizes=\"auto, (max-width: 849px) 100vw, 849px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56616\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix.png\" alt=\"\" width=\"1200\" height=\"684\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix.png 1200w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix-300x171.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix-1024x584.png 1024w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix-768x438.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/slok_epupix-624x356.png 624w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56638\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix.png\" alt=\"\" width=\"810\" height=\"500\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix.png 810w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix-300x185.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix-768x474.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/tpupix-624x385.png 624w\" sizes=\"auto, (max-width: 810px) 100vw, 810px\"\/><\/a><\/p>\n<p>\u00a0<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_fxres.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56637\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_fxres.png\" alt=\"\" width=\"890\" height=\"529\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_fxres.png 890w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_fxres-300x178.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_fxres-768x456.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/chinn_irwin_fxres-624x371.png 624w\" sizes=\"auto, (max-width: 890px) 100vw, 890px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trsy_dollar_pix.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56634\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trsy_dollar_pix.png\" alt=\"\" width=\"864\" height=\"561\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trsy_dollar_pix.png 864w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trsy_dollar_pix-300x195.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trsy_dollar_pix-768x499.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/trsy_dollar_pix-624x405.png 624w\" sizes=\"auto, (max-width: 864px) 100vw, 864px\"\/><\/a><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/endofsafehaven.png\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56633\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/endofsafehaven.png\" alt=\"\" width=\"604\" height=\"590\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/endofsafehaven.png 604w, https:\/\/econbrowser.com\/wp-content\/uploads\/2025\/05\/endofsafehaven-300x293.png 300w\" sizes=\"auto, (max-width: 604px) 100vw, 604px\"\/><\/a><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2025\/05\/graphs-from-changes-in-international-economics-do-we-need-to-alter-our-approach\" title=\"9:54 pm\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2025-05-15T21:54:42-07:00\">May 15, 2025<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2025\/05\/graphs-from-changes-in-international-economics-do-we-need-to-alter-our-approach\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] New conditions, not new approaches. From my presentation (PDF) yesterday for MCFR: Source:\u00a0Yale Budget Lab, accessed 4\/12\/2025. \u00a0 Additional 60% tariffs on Chinese imported<\/p>\n","protected":false},"author":1,"featured_media":276512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/276511"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=276511"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/276511\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/276512"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=276511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=276511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=276511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}