Agree on the need for accurate data.

Also if we are going to have tariffs on a subset of consumer goods, we shouldn't exempt goods shipped direct from China via airmail from those tariffs. Drop the tax/ tariff, or level the playing field.

LOTS MORE WITH BRAD SETSER ON THE NEW CHINA SHOCK

Perfect timing given Biden’s announcement of new tariffs on China EVs, Joe Weisenthal and I talk to Brad Setser about China exports, the Japanese yen and what Chinese excavators tell us about overcapacity in its economy.…

It is hard to find a way to net this out, but important to remember that the US tariffs led to an extension of supply chains and more apparently exports to the 'global south' (notably SE Asia) to meet US end demand