Tuesday, November 6, 2018

Trump's Favorite Think Tank Trade Economist

President Donald Trump often cites a single source when talking about trade statistics: Robert Scott of the Economic Policy Institute (EPI).  Now, Scott is saying that tariffs will not bring back lost jobs, a long-held belief of President Trump.  Here is more from Axios:

President Trump's trade war with China won't bring back the jobs lost from the trade deficit with China, according to Robert Scott, a senior economist at the left-leaning Economic Policy Institute, whose work Trump cited on the campaign trail and during his presidency.

Here is Scott's latest report on China, which was co-authored by Zane Mokhiber.

Here is what Robert Koopman, the chief economist at the World Trade Organization (WTO) has to say about EPI: