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Throughout the campaign of 2024, President Donald Trump promised to use tariffs to reset America’s global trade relationships, revitalize American manufacturing, and increase government revenues—and in the first months of his second administration, the president has used tariffs and the threat of tariffs to drive concessions even while raising antagonism and roiling markets. Kimberly Clausing helps us distinguish between the rhetoric and the reality of these tariffs. Clausing is an expert on the taxation of multinational firms. She served as the Deputy Assistant Secretary for Tax Analysis in the U.S. Department of the Treasury, serving as the lead economist in the Office of Tax Policy during the Biden administration. She is a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. Clausing has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Her research examines how government decisions and corporate behavior interplay in the global economy. She has published numerous articles on the taxation of multinational firms, and she is the author of “Open: The Progressive Case for Free Trade, Immigration, and Global Capital.” See omnystudio.com/listener for privacy information.
Donald Trump's embrace of tariffs should come as no surprise. For decades, he has claimed that other countries are ripping Americans off—and promised to use tariffs to remake a global trade system that, in his view, has been deeply unfair to the United States. But almost no one anticipated a trade and tariff policy as extreme and erratic as the one the world has seen since Trump proclaimed “Liberation Day” at the beginning of April. The sweeping tariffs on U.S. partners and rivals alike unleashed panic in the financial markets and in capitals across the world. Even a pause and negotiations on many of those tariffs has done little to assuage the concerns of foreign leaders, businesses, and consumers, who remain uncertain about the effects of the tariff regime, and the strategy behind it. The economists Kimberly Clausing and Michael Pettis both agree that the global economic system was in need of an overhaul—but they disagree about what that overhaul would look like. For a special two-part episode, Dan Kurtz-Phelan spoke with each of them about Trump's signature economic policy. Clausing, a professor at UCLA, makes the case against Trump's protectionism and sketches out a progressive blueprint for the global economy. And Pettis, a professor at Peking University in Beijing and a longtime skeptic of the free trade consensus, argues that this reckoning in global trade has been decades in the making—and considers what an alternative economic system could look like. In these separate conversations, they discuss the state of the world economy, the logic behind Trump's tariff gambit—and whether the U.S. president's attempt to rewrite the rules will pay off. You can find sources, transcripts, and more episodes of The Foreign Affairs Interview at https://www.foreignaffairs.com/podcasts/foreign-affairs-interview.
U.S. President Donald Trump's tariffs have roiled markets around the world and triggered a full-blown trade war with China. Even after he suspended his so-called reciprocal tariffs, the measures he kept in place are still more dramatic than anything the world has seen in decades. Most economists believe free trade—not tariffs—is the best way to increase global prosperity. But Trump says other countries are taking advantage of the United States. On this episode of Counterpoint, we'll hear from two leading economists who feel very differently about tariffs. Oren Cass, the founder of American Compass, generally supports them, while Kimberly Clausing, a professor at the University of California, Los Angeles, believes the Trump tariff policy is a disaster for the United States. Their debate was moderated by Foreign Policy's editor-in-chief, Ravi Agrawal, and originally aired on FP Live. Counterpoint is a production of Foreign Policy, in partnership with the Doha Forum. It is hosted by FP deputy editor Sasha Polakow-Suransky. Learn more about your ad choices. Visit megaphone.fm/adchoices
Two leading economists debate the potential trade-offs of the Trump administration's tariffs that are now roiling markets. Oren Cass, the founder of American Compass, joins Kimberly Clausing, a professor at UCLA, to discuss what this all means for the United States and the global economy. We want to hear from you! Help us shape the future of FP Live by sharing your thoughts on the show by clicking here. Suggested reading (FP links are paywall-free): Wendy Cutler: How Countries Should Respond to Trump's Tariffs Bob Davis: Trump Has the Whole Global Trade System in His Sights Michael Hirsh: Tariffs Can Actually Work—if Only Trump Understood How Lili Pike: Trump Threatens China With New 50 Percent Tariffs Joseph Rachman: Trump's Tariffs Crush the ASEAN Economic Model Transcript: The Case for Trump's Tariffs Edward Alden: Trump's Wanton Tariffs Will Shatter the World Economy Learn more about your ad choices. Visit megaphone.fm/adchoices
Trump's proposed tariffs are all over the headlines—but who's really footing the bill? Kimberly Clausing, Professor of Tax Law and Policy at UCLA, breaks down why these economic moves don't hit everyone equally—and who's likely to feel the sting the most. Plus, Americans are rushing to buy everything from TVs to soy sauce ahead of the tariffs. And finally, the bizarre case of a U.S. couple locked up in a Mexican prison over a timeshare dispute—what happened, and why it took nearly a month to bring them home.
Wall Street thought Donald Trump was bluffing about his tariff plans. The stock market rallied after his election. But the reality has started setting in. Trump is doubling down on tariffs, even as he warned Americans that the economy may experience a “period of transition,” insisting this is just short-term pain.So what exactly is Trump's theory here? And how much pain should we expect?Answering those questions requires a bit of a tariffs primer. And the economist Kimberly Clausing kindly agreed to come on the show, walk through the basics, and help me make sense of what Trump is doing here. Clausing has modeled the possible costs and consequences of the tariffs Trump has proposed, and she breaks down how much you and I might end up paying. Clausing is a senior fellow at the Peterson Institute for International Economics, a professor at U.C.L.A. and the author of “Open: The Progressive Case for Free Trade, Immigration, and Global Capital.”This conversation contains strong language.Note: This conversation was recorded on Wednesday, March 5.Mentioned:We're taping an “Ask Me Anything” episode soon. You can email me at ezrakleinshow@nytimes.com with a question. Please use the subject like “AMA.” We'll consider any questions that are shared by the end of the day on Tuesday March 18.“The Real Reason President Trump Pushes Tariffs” by Kimberly ClausingAbundance by Ezra Klein and Derek ThompsonAbundance book tourBook Recommendations:The Undoing Project by Michael LewisMountains Beyond Mountains by Tracy KidderThe Worldly Philosophers by Robert L. HeilbronerThoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rollin Hu. Fact-checking by Michelle Harris. Mixing by Isaac Jones, with Efim Shapiro and Aman Sahota. Our supervising editor is Claire Gordon. The show's production team also includes Elias Isquith, Kristin Lin and Jack McCordick. Original music by Pat McCusker. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Pat McCusker. Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/world-affairs
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/public-policy
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/politics-and-polemics
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/law
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/finance
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices
Critics on the Left have long attacked open markets and free trade agreements for exploiting the poor and undermining labor, while those on the Right complain that they unjustly penalize workers back home. In Open: The Progressive Case for Free Trade, Immigration, and Global Capital (Harvard University Press, 2019), Kimberly Clausing takes on old and new skeptics in her compelling case that open economies are actually a force for good. Turning to the data to separate substance from spin, she shows how international trade makes countries richer, raises living standards, benefits consumers, and brings nations together. At a time when borders are closing and the safety of global supply chains is being thrown into question, she outlines a clear agenda to manage globalization more effectively, presenting strategies to equip workers for a modern economy and establish a better partnership between labor and the business community. Kimberly Clausing holds the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. During the first part of the Biden Administration, Clausing was the Deputy Assistant Secretary for Tax Analysis in the US Department of the Treasury, serving as the lead economist in the Office of Tax Policy. Prior to coming to UCLA, Clausing was the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College. Professor Clausing is also a nonresident senior fellow at the Peterson Institute for International Economics, a member of the Council on Foreign Relations, and a research associate at the National Bureau of Economic Research. She has worked on economic policy research with the International Monetary Fund, the Hamilton Project, the Brookings Institution, the Tax Policy Center, and the Center for American Progress. She has testified before the House Ways and Means Committee, the Senate Committee on Finance, the Senate Committee on the Budget, and the Joint Economic Committee. Professor Clausing received her B.A. from Carleton College in 1991 and her Ph.D. from Harvard University in 1996, both in economics. Other New Books Networks interviews on related themes include Yale economist Penny Goldberg, former Chief Economist of the World Bank, on The Unequal Effects of Globalization, Princeton economist Leah Boustan on how immigrants have contributed to and rapidly assimilated into US society, and University of Massachusetts economist Isabella Weber on China's process of integration into the world economy. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/book-of-the-day
President-elect Trump campaigned on a fresh economic platform prioritizing ordinary Americans, departing considerably from the Old Guard Republican Party that came before him. But how much of that innovative thinking will actually become policy in his second term?Oren Cass appeared at the American Economic Association's annual meeting on a panel alongside former Council of Economic Advisors Jason Furman (Obama admin) and Richard Burkhauser (Trump admin) as well as economist Kimberly Clausing, to make sense of what will come next, and the forces that could try to slow down the president-elect's changes.This is the second in a two-part series from the discussion, focused on immigration and financial policy. To listen to part one, about trade and industrial policy, click here. And you can read the New York Times story about the panel here: "Economists Are in the Wilderness. Can They Find a Way Back to Influence?"
President-elect Trump campaigned on a fresh economic platform prioritizing ordinary Americans, departing considerably from the Old Guard Republican Party that came before him. But how much of that innovative thinking will actually become policy in his second term?Oren Cass appeared at the American Economic Association's annual meeting on a panel alongside former Council of Economic Advisors Jason Furman (Obama admin) and Richard Burkhauser (Trump admin) as well as economist Kimberly Clausing, to make sense of what will come next, and the forces that could try to slow down the president-elect's changes. This is the first in a two-part series from the discussion, focused on on trade and industrial policy. Stay tuned for more soon.
Trump is returning to office with many of the same policies that characterised his last term. And for economists, none looms larger than the prospect of significant new tariffs. But are tariffs really as destructive as feared? After all, the Biden administration maintained most of them and the economy has remained strong. Today on the show, we put the question to Kimberly Clausing, a professor at UCLA, and formerly lead economist in the Biden administration's Office for Tax Policy.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Trump is returning to office with many of the same policies that characterised his last term. And for economists, none looms larger than the prospect of significant new tariffs. But are tariffs really as destructive as feared? After all, the Biden administration maintained most of them and the economy has remained strong. Today on the show, we put the question to Kimberly Clausing, a professor at UCLA, and formerly lead economist in the Biden administration's Office for Tax Policy.Soumaya Keynes writes a column each week for the Financial Times. You can find it hereSubscribe to Soumaya's show on Apple, Spotify, Pocket Casts or wherever you listen.Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
We're thrilled to share the second episode in our WITHpod 2024: The Stakes series, in which we choose specific areas of policy and talk to an expert about Trump and Biden's records on the topic. This week, we discuss the candidates' stances and records on one of the most important and contested topics: tax policy. Kimberly Clausing is the Eric M. Zolt Chair in Tax Law and Policy at the UCLA School of Law. Before that, she was the deputy assistant secretary for tax analysis in the U.S. Department of the Treasury. Clausing also served as the lead economist in the Office of Tax Policy during the first part of the Biden Administration. She joins WITHpod to discuss Trump vs. Biden tax and economic policy, notable changes in IRS funding, who is most affected by recent major tax legislation and more.
In June 2018, the US Trump administration introduced tariffs on European steel and aluminium exports, starting a long-time dispute between the two trade partners. On 31 October 2021, the European Union and the United States agreed on temporary measures to settle their dispute over US Section 232 ‘national security' tariffs on EU steel and aluminium products. In addition to opening tariff rate quotas for historical EU export volumes, the joint EU-US statement mandates negotiations on a “global steel and aluminium arrangements to restore market-oriented conditions and address carbon intensity”, with a deadline of 31 October 2023. As this deadline approaches, negotiators from Brussels and Washington are scrambling to get a deal. At the same time the discussions have been overlapping with the broader goals of supporting the green transition and need to be considered against the backdrop of the geopolitical rivalry between the USA and China. In this episode of The Sound of Economics, Giuseppe Porcaro invites Kimberly Clausing and David Kleimann to disentangle the ongoing negotiations and explore the legal, diplomatic and economic consequences of these negotiations through a transatlantic perspective. Relevant publication: Kleimann, D. (2023) ‘Section 232 reloaded: the false promise of the transatlantic ‘climate club' for steel and aluminium', Working Paper 11/2023, Bruegel This research output received funding from Pool Fund on International Energy (PIE), within the European Climate Foundation.
While much of the recent debate about the U.S. debt ceiling centered on spending cuts, debt and deficits can also be addressed through raising revenue. One source of government revenue is taxes on corporations. What are the arguments for raising the corporate tax rate? What would be the effects of higher corporate taxes? A substantial increase in revenues? A fairer tax system? Reduced entrepreneurship? Greater offshoring? Lower wages? And which companies would be affected by higher taxes? Kimberly Clausing joins EconoFact Chats to discuss these issues. Kim is the Eric M. Zolt Professor of Tax Law and Policy at the UCLA School of Law.
While much of the recent debate about the U.S. debt ceiling centered on spending cuts, debt and deficits can also be addressed through raising revenue. One source of government revenue is taxes on corporations. What are the arguments for raising the corporate tax rate? What would be the effects of higher corporate taxes? A substantial increase in revenues? A fairer tax system? Reduced entrepreneurship? Greater offshoring? Lower wages? And which companies would be affected by higher taxes? Kimberly Clausing joins EconoFact Chats to discuss these issues. Kim is the Eric M. Zolt Professor of Tax Law and Policy at the UCLA School of Law.
The Inflation Reduction Act (IRA) of 2022 is a milestone in US climate policy. Unfortunately, it also contains protectionist elements, such as linking green subsidies to local content requirements (LCRs). This is prohibited under WTO rules. Legislating such LCRs is a first for the United States, and a blow to the multilateral trading system. In this episode of the Sound of Economics, Bruegel director Jeromin Zettelmeyer invites Kimberly Clausing and Sébastien Jean to discuss the policies laid out in the IRA and the impact it will have on the United States and other countries. They also discuss the global responses to the act and how EU policy makers in particular should react.
Just days before she was appointed as the Biden-administration head of Office for Tax Analysis at the US Treasury, a conversation between Kimberly Clausing and Alex Cobham and our hosts Peter Ringstad and Ingrid Hjertaker about the art of estimating profit shifting to tax havens, and a plan for pragmatic tax reform for the US.Papers discussed in this interview:- Kimberly Clausing: Five Lessons on Profit Shifting from the U.S. Country by Country Datahttps://papers.ssrn.com/sol3/papers.cfm?abstract_id=3736287- The State of Tax Justice 2020: https://www.taxjustice.net/reports/the-state-of-tax-justice-2020/Guests: - Kimberly Clausing, Deputy Assistant Secretary, US Treasury; Economist and Professor.- Alex Cobham, Chief Executive Director, Tax Justice Network, EconomistHosts: - Peter Ringstad, advisor at Tax Justice Network - Norway- Ingrid Hjertaker, PhD at Høyskolen Innlandet, researching central bank policiesProduction and music: Kristoffer Lislegaard
COVID-19 temporarily disrupted an interconnected world, leveling a global public health and economic shock that closed borders and has led some businesses to re-evaluate their supply chains. With pessimism in some quarters about the future direction of globalization, Kimberly Clausing, author of Open: The Progressive Case for Free Trade, Immigration, and Global Capital, joins to discuss the outlook for trade and immigration in the midst of the pandemic and in the run-up to the 2020 election.
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CFA Society Chicago member Rich Excell, CFA, chats with Dr. Kimberly Clausing, Professor of Economics at Reed College about her book Open: The Progressive Case for Free Trade, Immigration, and Global Capital. Connect with Rich on LinkedIn @ richexcellcfa and Twitter @ExcellRichard Connect with Kim on LinkedIn @ kimberly-clausing Kim’s book Open: The Progressive Case for Free Trade, Immigration, and Global Capital https://www.amazon.com/Open-Progressive-Immigration-Global-Capital/dp/0674919335 For more episodes go to www.cfachicago.org/podcasts
If it is true that taxes are a reflection of our values, what signals are we sending? In this episode, we unpack the factors affecting job loss and creation, challenges faced by American workers versus other countries, and the vulnerabilities created by tax havens—and how to solve for them.Harvard-educated economist Kimberly Clausing, the Thormund A. Miller and Walter Mintz Professor of Economics at Reed College, speaks with Steven Dean about these and other ideas explored in her new book, Open: The Progressive Case for Free Trade, Immigration, and Global Capital. She shares how this work was “born out of [her] despair following the 2016 election” and the trouble she had with messages from both the right and left concerning trade. Particularly in the wake of the 2017 changes to the tax law, Clausing champions effective solutions for American workers and the middle class. Her specific prescriptions address income inequality and economic insecurity through better-functioning markets that allow labor to share the fruits of economic progress. Clausing and Dean discuss the value of tax lawyers and economists working together at this important time for economic policy.This episode also features a recording by an NYU Law student, Adam from Houston, Texas, reading a quote from one of the most famous tax cases, Gregory v. Helvering.Congratulations to Professor Clausing on her announcement that she will soon be joining the faculty of the UCLA School of Law. ResourcesProfessor Clausing’s biographyOpen: The Progressive Case for Free Trade, Immigration, and Global CapitalFor more about Professor Clausing's recent visit to NYU Law: Professor Daniel Shaviro's blog post about the book event and TaxProf Blog's post about the eventFor the Pencil Question article, “The Curious Beginnings of the Capital Gains Tax Preference” by Ajay Mehrotra and Julia OttThe announcement of Professor Clausing's move to UCLAThe case quoted by the student: Gregory v. Helvering
On this episode, Kimberly Clausing makes the progressive case for globalization, describing how free trade and immigration are good for Americans while also stressing that more can be done to help those adversely affected by free trade. The post https://www.aei.org/multimedia/kimberly-clausing-the-progressive-case-for-globalization/ (Kimberly Clausing: The progressive case for globalization) appeared first on https://www.aei.org (American Enterprise Institute - AEI).
As the Democratic presidential primary unfolds, it appears that many progressives are critical of globalization. Bernie Sanders and Elizabeth Warren accuse trade deals like NAFTA of allowing multinational corporations to sell out American workers and exploit residents of developing countries. But at the same time, support for trade and immigration among Democratic voters has dramatically […]Join the conversation and comment on this podcast episode: https://ricochet.com/podcast/political-economy-james-pethokoukis/kimberly-clausing-the-progressive-case-for-globalization/.Now become a Ricochet member for only $5.00 a month! Join and see what you’ve been missing: https://ricochet.com/membership/.Subscribe to Political Economy with James Pethokoukis in Apple Podcasts (and leave a 5-star review, please!), or by RSS feed. For all our podcasts in one place, subscribe to the Ricochet Audio Network Superfeed in Apple Podcasts or by RSS feed.
Listen to Social Europe Editor-in-Chief Henning Meyer in conversation with Kimberly Clausing. They discuss the progressive case for free trade and immigration. Kimberly Clausing is the Thormund Miller and Walter Mintz Professor of Economics at Reed College, where she teaches international trade, international finance, and public finance. Her research studies the taxation of multinational firms. You might also find our regular articles, blogs and other written publications of interest. Just visit our website www.socialeurope.eu to read our latest output. If you want to stay up-to-date with all things Social Europe just sign up to our regular newsletter. You can do so on our website.
Economist and author Kimberly Clausing of Reed College talks about her book Open with EconTalk host Russ Roberts. Clausing, a self-described progressive, argues that the United States should continue to embrace free trade but she argues for other interventions to soften the impact of trade on workers and communities.
About the Episode In this episode, we have Green Building professional Alan Scott. We will talk about the early days in Philadelphia and the early days with the living building challenge. Alan is a successful leader and works with many groups of individuals in the green building and sustainable sector striving for meaningful results. Tune in to this episode to hear more about Alan's journey. Key Talking Points Getting to know Alan Living in Oregon Alan's journey in Architecture Sustainability of Green building movement Alan's special gift Routines and Rituals Career Advice and word of encouragement Key Milestones of the Episode [01:19] Introduction of Alan Scott [03:19] Starting career in Architect [05:22] Aha moments [08:24] Career at Green movement [10:15] Finding Team members [14:08] Alan's Projects [19:27] Importance of Resilience [23:27] Alan's specialty [24:38] Alan's rituals and routines for success [25:49] Alan's bucket list [29:37] Alan's Wish in Career [30:25] Words of Encouragement for new fellows Key Quotes from the Episode “When I talk about something I care about that really gets me out there and doing things on a timeline”. “My superpower is empathy and that actually grew out of my introversion.” “I connect at a deeper level with the people around me.” “I'm an early riser even before the birds in the morning without an alarm clock and I treasure that for quiet time”. “I wish somebody had pushed me earlier to not play it safe and be bold and take chances and do it with humility and clarity of attention.” “Stay open to possibility.” Key Resources Leadership: in Turbulent Times by Doris Kearns Goodwin Open: The Progressive Case for Free Trade, Immigration, and Global Capital by Kimberly Clausing Learn More about Alan Scott Alan is an experienced leader, strategist, architect and consultant, successful at guiding teams to create and maintain high performance buildings and sustainable built environments. In a world of specialists, a conductor, orchestrating the vital talents of technical experts to lead teams in concert toward ideal solutions and meaningful results for clients. Skilled facilitator and teacher, engaging groups and individuals in professional development, goal setting and problem solving activities. LinkedIn Connect with Charlie Cichetti and GBES Charlie on LinkedIn Green Building Educational Services GBES on Twitter Connect on LinkedIn Like on Facebook Google+ GBES Pinterest Pins GBES on Instagram GBES is excited our membership community is growing. Consider joining our membership community as members are given access to some of the guests on the podcasts that you can ask project questions. If you are preparing for an exam, there will be more assurance that you will pass your next exam, you will be given cliff notes if you are a member, and so much more. Go to www.gbes.com/join to learn more about the 4 different levels of access to this one-of-a-kind career-advancing green building community! If you truly enjoyed the show, don't forget to leave a positive rating and review on iTunes. We have prepared more episodes for the upcoming weeks, so come by again next week! Thank you for tuning in to the Green Building Matters Podcast! Copyright © 2019 GBES
On this episode, Mark Blyth talks with Kimberly Clausing, author of ‘Open: A Progressive Case for Free Trade, Immigration, and Global Capital' [https://www.hup.harvard.edu/catalog.php?isbn=9780674919334]. At a time when free trade is getting a bad rap from every direction, Clausing makes a case for why open borders and free trade are crucial to building a 21st-century economy that works for everyone. You can read a transcript of this episode here: [https://drive.google.com/file/d/1dcaBdZtGmSdaPPVnVzXVZrfrUYDyfOZ3/view?usp=sharing]
Les Nanberg of Cornerstone Wealth Management in Boston said he sees big slowdowns in economic activity around the world, including the United States, and ntoed that itnerest rate cuts will not do much to stem weakness, especially with a trade war making growth and recovery more difficult. He expects to see a recession start before the year is up, and has had clients go 10 percent lighter than normal on equities as they play defense; he is also mostly in Treasuries on the bond side, noting that he fears weakness in rates too. While Nanberg's analysis was based on fundamentals, D.R. Barton jr. of 10MinuteMillionaire.com talked technicals and he believes the market will actually go higher over the rest of the year, and Charles Rotblut of AAII.com discussed his group's investor sentiment survey, which showed a lot of bearishness that he suggested might represent a buying opportunity. Amid all of those market disagreements, Chuck also chatted with Kimberly Clausing, author of 'Open: The Progressive Case for Free Trade, Immigration, and Global Capital.'
Reed College economist Kimberly Clausing joins Matt to talk about trade and the middle class. Learn more about your ad choices. Visit megaphone.fm/adchoices
Economist Kimberly Clausing tells Brendan Greeley and Mark Blyth why greater trade, capital flows and immigration are the solution to more equitably dividing the economic pie. It's the subject of her book, "Open: The Progressive Case for Free Trade, Immigration, and Global Capital". See acast.com/privacy for privacy and opt-out information.
Kimberly Clausing joins Keynes and Bown to discuss today's economic and policy challenges in taxing multinational companies.
Kimberly Clausing joins Keynes and Bown to discuss today's economic and policy challenges in taxing multinational companies.
Kimberly Clausing joins Keynes and Bown to discuss today’s economic and policy challenges in taxing multinational companies.
Professor Kimberly Clausing joins the podcast to discuss her new book "Open: The Progressive Case for Free Trade, Immigration and Global Capital". We discuss why globalism is broadly a force for good, why some people in the US may get left behind by the global economy, and what should be done about it. This podcast is possible because of our supporters on Patreon. Patrons get access to exclusive bonus episodes, newsletters, neoliberal swag and community features. If you enjoy the content please consider supporting us at Patreon.com/neoliberalproject
This week, New Jersey Governor Phil Murphy came on to talk about his proposed millionaire's tax and why he has spoken with Amazon. Nobel Laureate Robert Shiller joined to discuss the decade-long bull run market and why he thinks it aught to come to an end soon. Kimberly Clausing, Professor of Economics at Reed College, made the progressive case for a free trade agenda. Then, Kim Davis, Executive Vice President of the National Hockey League came on to talk about why she left Wall Street after more than two decades for a job the league designed just for her.
Kimberly Clausing, the Thormund Miller and Walter Mintz Professor of Economics at Reed College, discusses tariffs, free trade, and globalization. She is also the author of the new book, Open: The Progressive Case for Free Trade, Immigration, and Global Capital.
Republicans in Congress say they want tax reform, but tax cuts for the rich are what they’re really pursuing. Back by popular demand, Chye-Ching Huang joins the beginning and end of the show to unpack what the GOP is trying to do, share some music from New Zealand, and crack a solid joke. Jared and Ben also interview Vanessa Williamson and Kimberly Clausing, who talk about the research on Americans’ views of taxes and what real tax reform would look like. Musical Interlude: “History Never Repeats” by Split Enz https://www.nzonscreen.com/title/history-never-repeats-1981/overview